Horizon Petroleum Ltd. · TSXV:HPL
Horizon Petroleum — Investor Presentation (August 2025)
24 slides from Horizon Petroleum's investor presentation, Aug 7, 2025
Slide 1: Building a European Conventional Natural Gas Development Company
Building a European Conventional Natural Gas Development Company August 7, 2025 A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the Provinces of Canada (except Qu
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION FORWARD-LOOKING INFORMATION This information contained in this corporate presentation and the accompanying verbal presentation (the “Presentation”) contains forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the
Slide 3: Forward Looking Information – Con't
FORWARD LOOKING INFORMATION – Con’t Cautionary Statements The information and opinions contained in the Presentation are provided as at the date of the Presentation and are subject to change. The Company does not have an obligation to update, complete, revise, verify or amend the Presentation. To th
Slide 4: The Value Proposition: Why Invest in Horizon Now?
THE VALUE PROPOSITION WHY INVEST IN HORIZON NOW? • Operator and 100% working interest in two concessions in Poland : • Lachowice: large (> 1 TCF IGIP) natural gas development, discovered but pre-production 2P Reserves: 34.5 BCF reserves ; US $84.5 million. 2C contingent resources: 163 BCF; US $431.0
Slide 5: European Natural Gas: Strong Fundamentals
EUROPEAN NATURAL GAS: STRONG FUNDAMENTALS DOMESTIC NATURAL GAS PRODUCTION CONTINUES TO DECLINE • Legacy North Sea and Dutch natural gas fields are mature and declining • Prior to 2022, 86% of supply from 3 countries: Russia (42%), Norway (34%), Algeria (10%). • LNG imports currently meet approximate
Slide 6: Polish Natural Gas Market
POLISH NATURAL GAS MARKET Natural Gas Fundamentals • Rising demand with increasing imports and flat domestic production • Strong political push to find alternative sources of gas to replace Russian supply • Strong political and environmental push to replace coal in power generation (70% of Polish po
Slide 7: Polish Assets: Summary
POLISH ASSETS: SUMMARY FOUNDATION ASSETS Acquired 100% interest in two conventional natural gas development assets in Poland • Acquisition cost: US$1.08 MM, C$1 MM in Horizon shares or cash, 6% Net Profit Interest Bielsko Biala (Lachowice) • 197 Bcfe 2P net reserves + 2C Risked Contingent Resources
Slide 8: Polish Assets: Location
POLISH ASSETS: LOCATION • 1,130 km2 (279,229 acres) in two licenses (Bielsko-Biala, Cieszyn) in the Carpathian foreland basin TSXV: HPL FRA: HPM Tradegate: HPM 8
Slide 9: Bielsko-Biala Concession: Lachowice Field
BIELSKO-BIALA CONCESSION: LACHOWICE FIELD Warsaw Bielsko – Biala Lachowice field • Located in the Carpathian foothills • 950 km of legacy 2D seismic • Discovered with Lachowice-1 in 1986 • Seven wells drilled 1986 – 1996: • 130m - >300m gas columns • Tested gas rates up to 8.9 MMscf/d (see map) • We
Slide 10: Lachowice Reserves and Resources
LACHOWICE RESERVES AND RESOURCES 1, 2, 3 • 2P reserves assigned to the Lachowice-1, Lachowice-7 and Stryszawa-2K wells • Risked Contingent resources in the fractures and tight matrix natural gas reservoirs in Lachowice-1, 2, 3a, 4, 7 and Stryszawa-2K wells • Risked Prospective Resources assigned to
Slide 11: Lachowice – Nearby Existing Infrastructure
LACHOWICE – NEARBY EXISTING INFRASTRUCTURE PHASE 1 DEVELOPMENT: • Gas 2 Power or CNG • Wellsite civil works construction ready to start PHASE 2 DEVELOPMENT: • 40mmscf/d gas plant and pipeline into national high pressure system • 10 mile (16km) 10” pipeline to tie into high pressure national grid • C
Slide 12: Cieszyn Concession
CIESZYN CONCESSION • On trend with multi bcf fields. • Old wells (1940’s/50’s), limited and poor quality seismic and well data • High quality, shallow (400-1000m), Miocene aged sandstone reservoirs. Underlying Carboniferous aged source rocks • One well obligation to drill by November 2026 TSXV: HPL
Slide 13: Operating Metrics
OPERATING METRICS NPV 10 - Before Tax-$US Millions $ 515 Government Take - Royalties and Taxes 20-25% Finding & Development F&D-US$/mcfe $ 0.87 Op Net Back- Operating Net Back US$/mcfe $ 8.55 Recycle Ratio Recycle Ratio 9.9 1. Based on Reserve report prepared by APEX Global Engineering Inc. effectiv
Slide 14: Capital Structure
CAPITAL STRUCTURE • SHARE PRICE – JUNE 6, 2025 • WARRANTS – SEPT 2028 EXPIRY - 8,962,433 @ $0.30 • WARRANTS – OCT 2025 EXPIRY – 1,045,455 @ $0.20 • WARRANTS – MAY 2026 EXPIRY – 3,600,000 @ $0.20 • STOCK OPTIONS - 1,900,000 @ $0.25, 1,040,000 @ $0.075, 1,420,000 @ $0.16, 80,000 @ $0.15 • FULLY DILUTE
Slide 15: Corporate Information
CORPORATE INFORMATION Dr. David A. Winter, CEO [email protected] +1 (403) 619-2957 Roger McMechan, President and COO [email protected] +1 (403) 870 1653 Corporate Website www.horizon-petroleum.com TSXV: HPL FRA:HPM Tradegate: HPM 18
Slide 16: Appendix: Legal Notices, Risk Advisories
APPENDIX LEGAL NOTICES, RISK ADVISORIES TSX-NEX: HPL.H TSXV: HPL FRA:HPM Tradegate:HPM 17 16
Slide 17: Slide 17
Slide 18: Management: International Experience
MANAGEMENT: INTERNATIONAL EXPERIENCE DR DAVID WINTER, CEO • 40 years experience in technical, management and leadership roles living and working in Latin America, Middle East, SE Asia and UK North Sea. British Petroleum, Sun Oil, Canadian Occidental (now CNOOC), Alberta Energy Company (now Ovintiv),
Slide 19: Board of Directors
BOARD OF DIRECTORS SHERN TAN LIANG • Founder and CEO of One Tree Partners, a licensed asset management firm in Singapore that has had over US$1bn in mining and commercial deal flow • Held increasingly senior management and executive roles at Citibank, UBS and Goldman Sachs in Singapore • Bachelor of
Slide 20: Risk Advisory
RISK ADVISORY The reserve and resource estimates of natural gas and natural gas liquids reserves provided in this presentation are estimates only, and there is no guarantee that the estimated reserves and/or resources will be recovered. Actual reserves and resources may eventually prove to be greate
Slide 21: Risk Advisory
RISK ADVISORY Estimates of resources always involve uncertainty, and the degree of uncertainty can vary widely between accumulations/projects and over the life of a project. Consequently, estimates of resources should generally be quoted as a range according to the level of confidence associated wit
Slide 22: Resource Definitions
RESOURCE DEFINITIONS Total Petroleum Initially in Place (“PIIP”) refers to the total quantity of petroleum that is estimated to exist originally in naturally occurring accumulations. It includes the petroleum that exists in known accumulations prior to production and the estimated quantities yet to
Slide 23: Resource Definitions
RESOURCE DEFINITIONS Possible Reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved + probable + possible reserves (3P) Company Gross Reserves are
Slide 24: Resource Definitions
RESOURCE DEFINITIONS Contingent Resources –Development Pending and –Development On Hold are considered economic, Contingent Resources –Development Unclarified have economics that are undetermined, and Contingent Resources –Development Not Viable are considered sub-economic. Prospective Resources are
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