Horizon Petroleum Ltd. is an oil and gas exploration and development company that trades under the symbol HPL on the TSX Venture Exchange.
On July 11 2013, the Company’s shareholders approved the change of the Company’s name from Acadia Resources Corp to Horizon Petroleum Plc. This marked the first phase of transforming Acadia Resources Corp from a Canadian mining company to an oil and gas exploration and development company.
The Directors and management of the Company have extensive experience of creating value for shareholders in the oil and gas sector in several geographical regions, with a focus on international. The Board and management team was put in place in November 2014, with a mandate to focus on farming into or acquiring oil & gas project interests at the appraisal and development stage.
Recently, Horizon has re-focused its strategy on the development of gas in Europe, by agreeing to acquire the Luxembourg subsidiaries of PMI Resources, which hold a 100% working interest in two hydrocarbons licenses in southwest France known as Ledeuix and Ger, and consisting of approximately 171,520 acres.