Horizon Petroleum Ltd. announced substantial progress has been made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland.
“We are pleased that all permits and approvals for the L7 workover operation have been received on schedule and we continue to progress in our operations towards first production from the Lachowice 7 well as planned,” said David Winter, CEO of Horizon. “We look forward to our continuing work with all stakeholders and will update shareholders as the initial development program progresses.”
Assuming a successful workover result, gas and/or electrical power sales from the Lachowice 7 (L7) well will provide Horizon with its first cashflow and will provide a long-term test of the production performance of the naturally fractured, Devonian aged, limestone and dolomite reservoirs in the L7 well.
Preparatory work for the L7 workover is progressing on schedule, Horizon stated. The Environmental Impact Assessment (EIA) Permit for the L7 early production facility has been filed with the Ministry of Climate and the Environment.
Horizon has commenced the process to rezone the land identified for the gas processing plant and well sites for industrial use. The company is in active discussions with the local regional government regarding the future drilling and construction plans to facilitate the re-zoning applications.
FGas/electricity sales and first cash flow are targeted by the first half of 2026, Horizon said.
