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HORIZON PETROLEUM PROVIDES A FURTHER OPERATIONS UPDATE OF ITS PREPARATION FOR FIRST PRODUCTION IN POLAND
HORIZON PETROLEUM PROVIDES A FURTHER OPERATIONS UPDATE OF ITS PREPARATION FOR FIRST PRODUCTION IN...
About this update from Horizon Petroleum Ltd.
[{"type":"text","content":"\n\n\n\n HORIZON PETROLEUM PROVIDES A FURTHER OPERATIONS UPDATE OF ITS PREPARATION FOR FIRST PRODUCTION IN POLAND\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n July 10, 2025\n \n\n /CNW/ -\n \n Horizon Petroleum Ltd. (the \"Company\" or \"Horizon\")\n \n (TSXV: HPL) (FRA: HPM) (Tradegate: HPM) Further to our press release dated\n \n June 2, 2025\n \n , Horizon is pleased to provide a further operations update on progress made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern\n \n Poland\n \n .\n \n\n\n\n\n\n\n\n\n\n David Winter\n \n , CEO of the Horizon commented: \"We are pleased that all permits and approvals for the L7 workover operation have been received on schedule and we continue to progress in our operations towards first production from the Lachowice 7 well as planned. We look forward to our continuing work with all stakeholders and will update shareholders as the initial development program progresses\".\n \n\n Assuming a successful workover result, gas and/or electrical power sales from the Lachowice 7 (L7) well will provide the Company with its first cashflow and will provide a long-term test of the production performance of the naturally fractured, Devonian aged, limestone and dolomite reservoirs in the L7 well.\n \n\n Preparatory work for the L7 workover is progressing on schedule:\n \n\n The Environmental Impact Assessment (EIA) Permit for the L7 early production facility has been filed with the Ministry of Climate and the Environment (the\n \n \"Ministry\"\n \n ).\n \n\n The Company can confirm that the local utility company has completed the relocation of the power line that crosses the L7 wellsite. This now allows Horizon full access to the wellsite for heavy equipment and for construction work to begin.\n \n\n Construction bids for the civil works required at L7 and the surface road access have been tendered with award expected before month end with the field works to commence in mid-August.\n \n\n\n Full Field Develo...