Jersey, Channel Islands, December 23, 2015  Horizon Petroleum plc (“Horizon”, or the “Company”) (TSXV: HPL) announces that it has received an extension in time for which it must close its private placement announced on November 9, 2015, therefore, the Company anticipates closing the private placement on or before January 22, 2016.

For further information, please contact:

Dr. David Winter
President & CEO
+1 403 984 2444

David R. Robinson
VP Business Development
+1 403 399 9047

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