In an update on the Lachowice natural gas field in Poland , which was included among the concessions Horizon Petroleum agreed to purchase from San Leon in a deal slated to close in mid-2018 , Horizon confirmed a private placement of up to CAD5 m ( $ 800 m ) to fund the acquisition and develop the field . Lachowice has an estimated 36 Bcfe ( 6.0 MMBoe ) of probable undeveloped reserves , valued around $ 98 m gross . Plans for the site include drilling a new vertical well in 2019 and allowing horizontal or highly inclined drilling to start in mid-2020 .
In an update on the Lachowice natural gas field in Poland, which was included among the concessions Horizon Petroleum agreed to acquire from San Leon in a deal expected to close in mid-2018, Horizon confirmed a private placement of up to CAD5m ($4m) to complete the acquisition and develop the field. Lachowice has an estimated 36 Bcfe (6.0 MMBoe) of probable undeveloped reserves, valued around $98m gross. Plans for the site include drilling a new vertical well in 2019 and two horizontal or highly deviated wells to start in mid-2020.