Horizon’s Initial Due Diligence on Cherokee County Oil and Gas Lease Suggests Potential

  Horizon’s Initial Due Diligence on Cherokee County Oil and Gas Lease
  Suggests Potential

Business Wire

HOUSTON -- April 22, 2014

Horizon Energy Corporation (OTCQB: HORI) announces its initial due diligence
is favorable and it will soon be ready to move forward with final negotiations
on its option agreement for leases known as the Holmes Oil Unit Number 1 in
the East Texas counties of Cherokee and Rusk. The agreement is with Ponta E&P
LLP, a Texas partnership involved in oil and gas exploration and production in
the area.

The land under consideration, 83 acres located in the Pettit formation close
to the town of Rusk, the Cherokee county seat, is the second project in
Horizon’s ongoing efforts to identify prospective opportunities for the
exploration, development and production of domestic oil and gas.

Earlier this year, Apache Corporation (NYSE:APA) identified East Texas and
Louisiana as areas of interest in its quest for the next big find. Throughout
East Texas, producers such as Anadarko Petroleum Corporation (NYSE:APC) and
EOG Resources, Inc. are returning to fields that were considered played out
and applying new technology. This mirrors initial activities in the Permian
basin on the state’s western side, where producers revisited previously
drilled fields, successfully employing horizontal drilling and hydraulic
fracturing.

“Oil companies are vying to establish new fields in light of rapidly declining
output in some areas, and East Texas, which gave birth to the modern oil age,
is an excellent prospect,” said Robert Bludorn, President and CEO of Horizon
Energy Corporation. He added, “Our initial research is showing a geology in
Cherokee County that validates a renewed drilling program.”

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. Details can be
found at www.horizonenergyusa.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
that include the words "believes," "expects," "anticipates," or similar
expressions. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the company to differ materially from those expressed or
implied by such forward looking statements. In addition, description of
anyone's past success, either financial or strategic, is no guarantee of
future success. This news release only speaks as of the date of its
distribution.

Contact:

Horizon Energy Corporation
Robert Bludorn, 228-822-4708, President and CEO
 
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