Horizon Petroleum completes flow testing at Lachowice-7 gas well
The well produced up to 6.75 MMcf/d and is shut in for a 30-day pressure build-up; first production is targeted for Q3 2027.
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Natural gas exploration, development, and production company
horizon-petroleum.comLast updated
In short: Horizon completed Lachowice-7 flow testing, recording 2.5–5 MMcf/d, and proposed a $2 million secured note.
The well produced up to 6.75 MMcf/d and is shut in for a 30-day pressure build-up; first production is targeted for Q3 2027.
The well flows 5.5 MMcf/d of gas at about 2,500 PSI after acid stimulation, with cleanup and pressure build-up testing ongoing.
It pays San Leon Energy US$1,600,000 in cash and terminates the 6% net profits interest on the Bielsko-Biala and Cieszyn concessions.
Loss per share is $0.01, operating activities used $339,913 in cash and working capital deficiency stands at $4,474,927.
CALGARY, AB, Sept. 14, 2026 /CNW/ -- Horizon Petroleum Ltd. ("Horizon" or the "Company") (TSX-V: HPL; FRA: HPM; Tradegate: HPM) is pleased to announce that...
During a 72-hour performance test, the PH-14 well at Pad D produced gross gas rates ranging from 25mscf/d to 30mscf/d.
CALGARY, AB, Aug. 7, 2026 /CNW/ -- Horizon Petroleum Ltd. (TSXV: HPL) (FRA: HPM) (Tradegate: HPM), ("Horizon" or the "Company") Further to its press release...
CALGARY, AB, June 15, 2026-Horizon Petroleum Ltd. (TSXV: HPL) (FRA: HPM) (Tradegate: HPM), ("Horizon" or the "Company") is pleased to announce that it has reached...
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