Horizon (TSXV: HPL) is a European-focused development company that boasts a management team with worldwide experience, including Poland, with a track record of reserve, production, and corporate growth. Horizon plans to acquire additional conventional natural gas and oil assets in Europe to take advantage of the high natural gas prices and large natural gas requirements for the region.

The Company recently acquired 100% interest in a conventional natural gas development asset in Poland containing 189Bcfe of 2P reserves plus 2C Risked Contingent Resources with a before-tax NPV10 of USD$460MM in the core area with significant development upside. The initial work program will provide cash flow in 2025. Acquisition costs $1.08MM, C$1MM shares in Horizon, and a profit share of 6%. The first cash flow is expected in 2025 with exponential production growth from currently zero to 30mmcf/day by 2027 and growth expected to continue until 2029.

Horizon is constantly evaluating new development assets in stable, investment-friendly jurisdictions. Europe’s energy needs are growing as Russian gas cut-offs have pushed many countries into states of emergency already this winter. Natural gas will also assist many countries that still rely on coal to transition to a cleaner form of energy for power generation