CALGARY, AB , Jan. 8, 2024
/CNW/ - Horizon Petroleum Ltd. (TSXV: HPL) ("Horizon" or the
"Company") is pleased to announce that, subject to TSX Venture
Exchange acceptance, the Company has entered into a consulting
agreement with Plutus Invest and Consulting GmbH ("Plutus"),
pursuant to which Plutus will provide the Company with marketing
and communications services for a six-month term. The services
provided by Plutus will be in consulting services with the
Company's management relating to advertising, marketing, PR
strategies and building investor awareness of the Company through
Plutus's network in the European markets. The Company has agreed to
pay Plutus a consulting fee of €103,000 payable upon the
commencement of services. The consulting agreement with Plutus was
negotiated through arm's length negotiations. The agreement
with Plutus is subject to acceptance of the TSX Venture
Exchange.
David Winter, CEO of the Company
commented: "Horizon's European gas strategy and its gas development
assets in Poland are attracting
increasing numbers of investors in Europe. We look forward to working with Plutus
to market Horizon to a wider network of investors in Europe as we develop our natural gas assets to
help meet the energy needs in Europe."
ABOUT HORIZON
Calgary-based Horizon is
focused on the appraisal and development of conventional oil &
natural gas resources onshore Europe. The Management and Board of Horizon
consist of oil & natural gas professionals with significant
international experience.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Horizon Petroleum Ltd.
