Horizon Petroleum

What Horizon Petroleum does

Horizon Petroleum Ltd. is a Calgary-incorporated, TSX-Venture-listed (HPL) upstream oil and gas company focused exclusively on the development of natural gas resources in southern Poland. The company holds a 100% working interest in the Bielsko-Biala Concession (~805 km²) and the Cieszyn Concession (~326 km²), a combined 1,131 km² of acreage in the foreland of the Carpathian Mountains. The cornerstone asset is the Lachowice gas field within the Bielsko-Biala Concession, which holds NI 51-101 compliant probable reserves of 34 Bcf (NPV10 of US$84.5 million) and risked best estimate contingent resources of 163 Bcf (NPV10 of US$431 million), with the field described as one of the largest undeveloped gas fields in Poland and potentially capable of producing over 10% of Poland's current domestic gas output.

Horizon plans a phased development starting with re-entry of the existing Lachowice 7 well into either a skid-mounted gas-to-power (G2P) facility or a compressed natural gas (CNG) unit, followed by subsequent drilling and a planned 30 MMcfe/d gas processing facility. Revenue is intended to be generated from three streams: pipeline natural gas sales to Polish and European utilities and industrial consumers via bilateral offtake agreements; electricity sales from G2P facilities into local power utilities and the grid; and CNG/LNG distribution for areas without pipeline access. Pricing is benchmarked against European gas indices and is not publicly disclosed.

The company has completed the Polish regulatory Transformation Process and received formal concession awards in November 2024, completed acquisition of 100% ownership of its Polish subsidiaries (EKZ) from San Leon Energy in June 2026 for US$1.6 million, and is in active development with civil works commenced at the Lachowice 7 wellsite in June 2026. Horizon is pre-revenue and has financed operations through a series of private placements and convertible debenture offerings; an Alberta Securities Commission Management Cease Trade Order was issued in January 2026 for delayed audited financial filings. The company is led by CEO Dr. David Winter, CFO Ian Habke, and COO Roger McMechan, with a Board strengthened in 2026 by the additions of Trevor Williams and John D. Wright.

Name

Horizon Petroleum

Legal name

Horizon Petroleum Ltd.

Website

https://horizon-petroleum.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Horizon Petroleum is a Calgary-listed (TSX-V: HPL) pre-production natural gas developer holding 100% of the Bielsko-Biala and Cieszyn concessions (1,131 km²) in southern Poland, anchored by the Lachowice gas field. It targets domestic gas-to-power, pipeline, and CNG/LNG sales to Polish utilities and industrial buyers, with first production from Lachowice 7 re-entry targeted for late 2026.

Ownership category

akta.pro rank

Product category

Natural Gas Exploration and Production

NAICS

Oil and Gas Extraction (2111), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)

akta.pro secondary industries

Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC), Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

Keywords

• Natural gas development
• Oil and gas exploration
• Gas-to-power generation
• Upstream energy production
• Concession acreage leasing

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Natural Gas Production and Sales: Horizon generates revenue through the production and sale of natural gas from its Polish concessions. Initial production will come from re-entry of the Lachowice 7 well, with gas either sold directly to pipelines, converted to electricity via gas-to-power facilities, or sold as CNG/LNG. The company also produces condensate alongside natural gas.
2. Electricity Sales from Gas-to-Power: Revenue from electricity generation through gas-to-power facilities that convert natural gas production into electrical power sold to local utilities or the grid.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Horizon Petroleum develops and produces natural gas from its 100%-owned Bielsko-Biala and Cieszyn concessions in southern Poland, targeting first production from the Lachowice gas field via re-entry of the existing Lachowice 7 well. Output is intended to be sold via pipeline offtake to utilities and industrial consumers, converted to electricity through skid-mounted gas-to-power facilities, or distributed as CNG/LNG. The asset base holds 34 Bcf of 2P reserves and 163 Bcf of 2C contingent resources within 1,131 km2 of concession acreage in the Polish Carpathian foreland.

Product overview

Horizon Petroleum is a Canadian-listed oil and gas company operating as a single-asset focused natural gas development company. The company holds 100% working interest in two concessions in southern Poland—the Bielsko-Biala and Cieszyn Concessions covering over 1,130 km2. The cornerstone asset is the Lachowice gas field within the Bielsko-Biala Concession, which the company plans to develop through a phased approach: initially re-entering the existing Lachowice 7 well and placing it on production into either a gas-to-power (G2P) facility or compressed natural gas (CNG) unit, with subsequent drilling of new wells and construction of a larger gas processing facility with 30 MMcfe/d capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Lachowice Gas Field Development Cornerstone natural gas development project located within the Bielsko-Biala Concession in southern Poland, representing Horizon Petroleum's primary asset for near-term production and cash flow. Development is being executed in phases, beginning with re-entry of the existing Lachowice 7 well and placement on production into a gas-to-power facility, followed by new drilling and a larger gas processing facility with 30 MMcfe/d capacity.
• Bielsko-Biala Concession A 1,100+ km2 concession in the foreland of the Carpathian Mountains in southwest Poland, held 100% by Horizon's Polish subsidiaries, holding one of the largest undeveloped gas fields in Poland (the Lachowice gas field) and targeted for phased development.
• Cieszyn Concession A concession area in southwest Poland covering approximately 326 km2, part of Horizon Petroleum's portfolio for natural gas exploration and development, held through its Polish subsidiaries Energia Karpaty Zachodnie Sp. Z.o.o and EKZ Sp.K.
• Gas-to-Power (G2P) Facility Skid-mounted gas-to-power electricity generation facility planned for the Lachowice 7 well re-entry project to convert produced natural gas into electrical power for sale to local Polish power utilities and the grid, with discussions initiated with a local power utility on technical and operational requirements.
• Compressed Natural Gas (CNG) Facility Compressed Natural Gas production facility being evaluated as an alternative monetization pathway for Lachowice gas production, targeting areas without pipeline access and mobile or industrial applications where CNG/LNG distribution would be commercially viable.

Quantifiable outcome

• 34 Bcf 2P reserves with NPV10 of US$84.5 million; 163 Bcf 2C contingent resources with NPV10 of US$431 million
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• San Leon EnergycoreStrategic or Co-development Partner · 10 June 2026San Leon Energy was the original owner of the Polish subsidiaries (Energia Karpaty Zachodnie Sp. Z.o.o and EKZ Sp.K) holding the Bielsko-Biala and Cieszyn concessions. Horizon acquired 100% ownership through an amended deal completed June 10, 2026, paying US$1.6 million cash and terminating the 6% Net Profits Interest. The Kety well land plot was transferred to EKZ for PLN 1 plus VAT.
• Plutus Invest and Consulting GmbHminorGTM or Marketing Partner · 8 January 2025Six-month consulting agreement for marketing and communications services in European markets. Plutus provides advertising, PR strategies, and investor awareness building through their European network. Fee of €103,000 payable upon commencement of services.
• Polish Ministry of Climate and EnvironmentcoreOthersGovernment regulatory body overseeing the concession transformation process for the Bielsko-Biala and Cieszyn concessions. Completed formal administrative proceeding and granted final concession agreements in November 2024.
• Oil Field Service Companies (Poland)minorImplementation/ SI/ Consulting PartnerMemoranda of Understanding executed with oil field service companies for well workover and testing operations at the Lachowice 7 wellsite. Two engineering companies contracted to study local markets and infrastructure for gas-to-power or CNG/LNG monetization options.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Regional players

• MOL Group: Hungarian integrated oil and gas group with upstream production across Central and Eastern Europe including conventional gas assets; comparable as a regional upstream operator pursuing CEE production growth.
• Romgaz: Romania's largest natural gas producer and a major onshore conventional gas developer in the Carpathian region; relevant peer given geographic proximity and shared Carpathian foreland geology with Horizon's Polish concessions.

Broad incumbents

• PGNiG (ORLEN Group): Polish national oil and gas company now part of the ORLEN group and Poland's largest domestic gas producer; sets the benchmark for in-country gas production volumes, offtake counterparties, and concession licensing environment in which Horizon operates.
• Naftogaz Group: Ukrainian national oil and gas company operating large conventional gas fields in similar Carpathian-age geology; relevant as a regional incumbent whose gas-supply role is being reshaped by the same Europe energy-security dynamics that drive Horizon's thesis.
• Vermilion Energy: International E&P with producing European natural gas assets including in Poland; comparable on operating model and conventional onshore gas focus even though materially larger in scale and capital base.

Direct peers

• San Leon Energy: Ireland-listed E&P company historically focused on Polish natural gas concessions including the original holders of the Bielsko-Biala and Cieszyn assets sold to Horizon; provides the closest direct comparison for Polish conventional gas development.
• Serinus Energy: Small-cap international E&P with operations across Poland, Romania and Tunisia; produces conventional natural gas and operates onshore European fields similar in scale and stage to Horizon's Lachowice development.
• JKX Oil & Gas: UK-listed E&P historically producing natural gas in Ukraine and exploring in Poland and Hungary; a closely comparable small-cap conventional gas producer operating in adjacent Central/Eastern European jurisdictions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/horizon-petroleum

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds13 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Horizon Petroleum