HOUSTON--(BUSINESS WIRE)--Horizon Energy Corporation (OTCQB: HORI) announces it has engaged a consulting company, Listo Energy Ltd., to identify prospective opportunities in the exploration, development and production of domestic oil and gas.
According to market analyst and author Keith Fitz-Gerald, oil is increasingly challenging to access. He says, “We’ve got to drill deeper, we’ve got to drill horizontally, and we’ve got to use new technology to get the same amount of oil to the surface and in production.”
“As reliance on hard-to-reach, unconventional energy sources continues to grow, quality companies rooted in the energy industry are highly positioned for growth, and oil and gas technology investments have never looked better,” said Robert Bludorn, Chairman and CEO of Horizon Energy Corporation. He added, “We welcome Listo Energy to the Horizon team. Their extensive experience in domestic shale oil and gas plays, drilling in the Gulf Coast area and petroleum asset management, will be critical in identifying the types of opportunities we are seeking.”
Listo Energy Ltd. has managed and consulted for investments with working interest partners including Conoco Phillips, Marathon Oil and Petrohawk/BHP, among others. They currently manage investments in the Eagle Ford shale in South Texas with a current asset value of $400 million.
About Horizon Energy Corporation
Horizon Energy Corporation was incorporated in the state of Wyoming in 2010. Its business model and scope of operation includes traditional and nontraditional energy sector opportunities. It is currently in the business of acquiring, discovering and developing oil and gas properties.
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