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An announcement from Horizon Petroleum ( (TSE:HPL) ) is now available.
Horizon Petroleum Ltd. has provided an update on its operations as it prepares for the first production from its Lachowice gas development in Poland. The company has made significant progress, including securing necessary permits and sourcing materials for the workover of the Lachowice 7 well, which is scheduled to commence in September. This development is expected to generate the company’s first cash flow and test the production performance of the reservoirs. Horizon is also working on an early production system and plans for full field development, which includes securing access to local electricity grids and reducing pipeline costs. These efforts are anticipated to enhance Horizon’s operational capabilities and strengthen its market position.
More about Horizon Petroleum
Horizon Petroleum Ltd. operates in the energy sector, focusing on the exploration and production of natural gas. The company is involved in developing gas fields, with a particular emphasis on the Lachowice gas development in southern Poland.
Average Trading Volume: 226,115
Technical Sentiment Signal: Sell
Current Market Cap: C$6.98M
Find detailed analytics on HPL stock on TipRanks’ Stock Analysis page.