Bielsko-Biala block, S. Poland, Horizon Petroleum (which acquired the block from San Leon last year) has signed a letter of intent with an unknown party for a farm-out of the Lachowice gas field. The farminee will get 50% equity in exchange for funding 100% of Lachowiceâs initial production capex (around USD 8 million). First well expected Q1 â19, initial production of 3 MMcf/d in Q4 â19.
Bielsko-Biala block, S. Poland, Horizon Petroleum (which acquired the block from San Leon last year) has signed a letter of intent with an unknown party for a farm-out of the Lachowice gas field. The farminee will get 50% equity in exchange for funding 100% of Lachowiceâs initial production capex (around USD 8 million). First well expected Q1 â19, initial production of 3 MMcf/d in Q4 â19.