#Canada #Horizon Petroleum #Calgary #Poland Operations #Lachowice 7

Horizon Petroleum's Progress at Lachowice 7 Well

Horizon Petroleum Ltd., a key player in natural gas exploration, has recently provided an operational update regarding its Poland operations, particularly focusing on the Lachowice 7 (L7) well. The company, which trades under the symbols TSXV: HPL, FRA: HPM, and Tradegate: HPM, reported significant advancements in their drilling and re-entry operations that solidify their commitment to increasing energy independence in Europe.

In a statement released on August 12, 2026, Horizon announced that its fully-owned Polish subsidiary, Energia Karpaty Zachodnie sp. z o.o. (EKZ), successfully completed the rig mobilization and installation at the L7 wellsite. The operations have now commenced, marking a crucial step in the re-entry program designed to evaluate the potential productivity of the naturally fractured carbonate reservoir.

Overview of the Workover Program

The workover program at the L7 site is particularly aimed at verifying the long-term production capabilities from the well. So far, the company has executed the drilling out of cement and mechanical suspension plugs, and has employed a milling assembly to reach a depth of 2,706 meters. Following this, two casing pressure tests were conducted, both confirming the robust physical integrity of the wellbore. With this confirmation, Horizon is poised to advance further in the workover program.

The proposed work program includes several significant tasks:

• - Removal of Downhole Equipment: The existing downhole packer and completion equipment will be removed.
• - Re-perforation: New perforations will be made in the naturally fractured Upper Devonian aged carbonate reservoir section, which spans a gross interval of 65 meters.
• - Acid Stimulation: A diverted acid stimulation will be utilized to enhance production flow, followed by a production test to ensure sustainable performance of the well.
• - Suspension for Production: Upon completion of the initial development phase, the well will be suspended for production.

As per Horizon’s strategy, the stimulation and production testing phases are anticipated to kick off at the end of August 2026 and may extend into early September.

Insights from Horizon's Leadership

Roger McMechan, Chief Operations Officer at Horizon, expressed enthusiasm about the successful confirmation of the well casing integrity, highlighting that it significantly mitigates the risks associated with re-entering the well. McMechan emphasized, “We look forward to executing and completing the workover and production testing safely and efficiently, which we believe will confirm the long-term production capability of the Lachowice gas accumulation.” He also pointed out the potential of this well to emerge as a new domestic source of natural gas for Poland.

With the ongoing operations, Horizon is dedicated to ensuring the project meets its targets efficiently and securely. The company has affirmed that updates will be provided as the operations advance.

Horizon Petroleum’s ongoing efforts reflect its dedication to developing natural gas reserves and augmenting clean energy sources to foster energy security in Europe. The management team is composed of seasoned professionals in oil, gas, business, and finance, equipped with extensive international experience to guide the company through its developmental phases.

For more information, visit Horizon Petroleum's website at www.horizon-petroleum.com.

As the energy landscape continues to evolve, companies like Horizon Petroleum play a pivotal role in advancing sustainable energy solutions, reinforcing their place within the energy community in Europe.

Conclusion

Horizon Petroleum’s operations at the Lachowice 7 well demonstrate the firm’s commitment to safe, efficient energy production. With the confirmation of well integrity, the anticipated stimulation and testing phases mark a brighter horizon for natural gas production in Poland, suggesting a promising addition to the country’s energy portfolio.