Horizon Petroleum Ltd. (the “Company” or “Horizon”) (TSXV:HPL) is
pleased to report the appointment of Matt Janisch, B.Sc. Eng
(Petroleum), MBA, to the Board of Directors of the Company, and to the
role of Interim Chief Financial Officer.
Mr. Janisch has over 30 years of oil and gas and financial experience
and was most recently VP Finance and Chief Financial Officer of a large
independent Canadian domestic oil & gas producer. Prior to this role, he
was Executive Vice-President and Chief Financial Officer of an
international oil and gas producer. In addition, he has approximately
twelve years of investment banking and equity research experience with a
Canadian bank owned investment dealer.
Mr. Janisch completed his Bachelor of Science in Petroleum Engineering
at the University of Alberta, and his Masters of Business Administration
(MBA) at the University of Western Ontario. He is based in Calgary.
“We are very pleased to have a financial professional of Matt’s calibre
join the Board of Horizon, and assume the position of Interim Chief
Financial Officer. I look forward to working with Matt, in moving the
Company forward with its European gas acquisition and development
strategy. With his international financial and industry experience,
Matt’s appointment is an important first step as we build the Management
team to execute our strategy. Further steps will include adding
professionals with operating and management experience in Poland as we
prepare for our first operations as well as further acquisitions. We
will update the market as we make further additions to the management
team. I would like to sincerely thank Mark Gelmon for the work that he
has done for Horizon; Mark is stepping aside as CFO of the Company, but
will continue to assist Horizon with its financial reporting and public
filing,” commented Dr. David Winter, President & CEO of Horizon.
The Company further reports the grant of a total of 325,000 stock
options to Mr. Janisch, at a price of $0.09, which shall vest as to 1/3rd
on the date of grant, 1/3rd after 12 months, and the final 1/3rd
after 24 months; the stock options expire 5 years from the date of
grant. These options are being granted under the Company’s stock option
plan, and are subject to the acceptance of the TSX Venture Exchange.
About Horizon Petroleum Ltd.
Calgary-based Horizon is focused on the appraisal and development of oil
& gas reserves in Europe. The Management and Board of Horizon consist of
oil & 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.
This press release contains "forward-looking statements" or
"forward-looking information" (collectively referred to herein as
"forward-looking statements") within the meaning of applicable
securities legislation. Such forward-looking statements include, without
limitation, forecasts, estimates, expectations and objectives for future
operations that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Horizon.
Forward-looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur or be achieved. This
press release contains forward-looking statements pertaining to, among
other things entering into the Definitive Agreements and completion of
the transaction, and the furtherance of Horizon’s European acquisition
and development strategy.
Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks, which could
cause actual results to vary and in some instances to differ materially
from those anticipated by Horizon and described in the forward-looking
information contained in this press release.
Although Horizon believes that the material factors, expectations and
assumptions expressed in such forward-looking statements are reasonable
based on information available to it on the date such statements were
made, no assurances can be given as to future results, levels of
activity and achievements and such statements are not guarantees of
future performance.
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