Horizon Petroleum Ltd. Updates on European Gas Market and Polish Concessions

Horizon Petroleum Ltd., a Calgary-based energy company specializing in the acquisition, exploration, and development of oil and gas properties, has recently provided updates on its operations in Europe, particularly focusing on the Polish gas market. The company, listed on the TSX Venture Exchange, has been actively working on its gas assets in Poland, specifically within the Bielsko-Biala and Cieszyn concessions.

On May 7, 2025, Horizon Petroleum issued a corporate update detailing its progress in these regions. The company has been developing the Lachowice gas field in the Bielsko-Biala concession, where operations have commenced on the initial development phase. The field boasts significant reserves, with 2P net reserves of 34 billion cubic feet (BCF) and 164 BCF of Net 2C Contingent resources. The net asset values are estimated at NPV10 of US$84 million and US$431 million, respectively. Additionally, the field contains 118 BCF of risked best estimate prospective resources, with an unrisked total of 466 BCF in undrilled areas.

These updates were reported by multiple sources, including StockWatch, CEO.ca, Finanzen.net, All Penny Stocks, and Canada NewsWire, highlighting the company’s strategic focus on expanding its presence in the European gas market. Horizon Petroleum’s efforts in Poland are part of a broader strategy to capitalize on the growing demand for natural gas in Europe, positioning the company to potentially enhance its market value and operational footprint.

As of May 5, 2025, Horizon Petroleum’s stock closed at CAD 0.145, with a 52-week high of CAD 0.25 and a low of CAD 0.045. The company’s market capitalization stands at CAD 6,910,000, with a price-to-earnings ratio of -2.26, reflecting its current financial standing and market perception.

For more detailed information on Horizon Petroleum’s activities and offerings, interested parties can visit their website at www.horizon-petroleum.com .