An update from Horizon Petroleum ( (TSE:HPL) ) is now available.
Horizon Petroleum has announced progress in its Polish gas concessions, particularly in the Lachowice and Cieszyn areas. The company is poised to benefit from high natural gas prices in Europe and Poland, driven by the EU’s policy to cease Russian gas imports by 2027. The Cieszyn concession, with its significant gas potential and proximity to infrastructure, is expected to yield attractive economic returns. Horizon’s ongoing geological studies and seismic reprocessing have identified priority areas for future drilling, supported by existing wells and nearby producing fields.
More about Horizon Petroleum
Horizon Petroleum Ltd. operates in the energy sector, focusing on the exploration and development of gas assets. The company is actively engaged in the Bielsko-Biala and Cieszyn concessions in Poland, with a strategic emphasis on increasing domestic gas production to align with European energy policies aimed at reducing reliance on coal and Russian gas imports.
Average Trading Volume: 220,975
Technical Sentiment Signal: Hold
Current Market Cap: C$8.32M
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