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Horizon Petroleum ( (TSE:HPL) ) has provided an announcement.
Horizon Petroleum Ltd. has announced the termination of its previously planned offering due to unmet conditions, specifically failing to raise the minimum required funds by the deadline. Despite this setback, the company remains committed to securing financing for its projects in Poland, particularly the development of the Lachowice gas field, and is actively engaging with European financial institutions to achieve this goal.
More about Horizon Petroleum
Horizon Petroleum Ltd., based in Calgary, is engaged in the appraisal and development of conventional oil and natural gas resources in onshore Europe. The company holds two concessions in Poland, with a focus on developing the Lachowice gas field in the Bielska-Biala concession. Horizon’s management and board consist of professionals with significant international experience in the oil and natural gas industry.
Average Trading Volume: 54,962
Technical Sentiment Signal: Sell
Current Market Cap: C$4.95M
For a thorough assessment of HPL stock, go to TipRanks’ Stock Analysis page.