Oil and Gas - CaliforniaOil and Gas - InternationalCarbon Capture Utilization and Storage (CCUS)


Currently, the Company is active in two project areas – Grapevine and Mountain View.  The Company is the operator and largest working interest owner in both projects that are located in Kern County, a highly prolific oil producing basin containing 4 of the 10 largest oil fields in the United States, each with cumulative oil production greater than 1 billion barrels.  The oil fields in the vicinity of the Grapevine project have produced approximately 200 million barrels of oil over the past 50 years from the same geological objectives from which the Company is producing oil. The Mountain View project is within the boundaries of an oil and natural gas field that has produced over 100 million barrels of oil and oil equivalents from multiple zones over the past 90 years.

Based on the implementation of two modern size able proprietary 3D seismic surveys in 2016 and 2017, which notably were the first modern seismic data ever acquired over both areas, the Company made two significant oil discoveries, one in each project area. To date, these discoveries have produced over 925,000 barrels of oil from 3 primary wells and have generated gross revenues of over $60 million since inception. The Company has scheduled several development wells to be drilled in 2023. This drilling activity will result in a major increase in the Company’s cash flow and proven producing reserve base.   Although California has recently passed legislation aimed at limiting new drilling, the new legislation is expected to have minimal negative effect on the Company’s development program as the Company’s area of operation is located primarily in an agricultural area which is not densely populated.   Additionally, the Company identified over 40 million barrels of prospective oil resources situated under its proprietary 3D seismic data.  An exploration program designed to target these prospects is being developed.

Oil and Gas - California

The Company has made two material oil discoveries in California over the past 5 years, supported by its proprietary 3D data sets and use of advanced interpretation techniques. The Company’s two oil discoveries to date have produced approximately 1 million barrels of oil.

In its Mountain View project area, the Company has in inventory one drill-ready development prospect with two attractive geological objectives, which offers the opportunity to discover and produce more than an additional 1 million barrels of oil.  Infrastructure is in place for immediate high-rate oil production with attendant cash flow. Nearby, the Company has developed a large, moderate risk, multi-objective exploration prospect with un-risked mean prospective resources of over 15 million barrels of oil, also in proximity to infrastructure. This prospect has been confirmed by third-party evaluation experts. The Company is the operator of the Mountain View project area and owns the majority working interest.

In its Grapevine project area, where the Company is also the operator and the largest individual working interest owner, the Company has two producing oil wells.

Oil and Gas - International

North Sea – United Kingdom

The Company has substantial license holdings (approximately 250,000 acres) in the heart of a premier exploration area, in shallow water with shallow drilling depths, being strongly advocated for exploration by the UK government.

Horizon has developed numerous prospects supported by modern high-quality 3D seismic data. One drill-ready prospect, Dabinett, with stellar economic upside, is scheduled to be drilled in 2024. Dabinett contains un-risked mean prospective resources of 200 million barrels of oil as confirmed by an independent internationally recognized third party.
Horizon has applied for 4 new licenses in the recent UK offshore licensing round. The identified prospects are estimated to contain mean un-risked prospective resources in excess of 3 billion barrels of oil and/or 16 trillion cubic feet of natural gas. License awards are expected in the 3rd or 4th quarter of 2023.

The UK has an excellent fiscal system for oil and natural gas exploration and is a proponent of exploring for and developing oil and natural gas resources in accordance with the country’s net-zero targets. In a study conducted by Rystad Energy Consultants, the conclusion was that the UK offered operators the world’s most profitable conditions in the development of large offshore fields.  Additionally, the Russian invasion of the Ukraine and subsequent reduction of oil and gas exports to Western Europe mandate an increase of North Sea oil exploration and production to ensure and enhance energy security.

North Sea – Denmark

The Company has plans to reapply in the near future for a license previously held by Horizon which contains estimated, un-risked mean prospective resources of over 500 million barrels of oil.  This robust prospect is supported by modern broadband 3D seismic data.

Carbon Capture Utilization and Storage (CCUS)

The Company has recently entered the CCUS business through its wholly owned subsidiary, NexGen Carbon Solutions, LLC.  Visit the website at

The Company has identified three initial core areas, where it has access to integrated assets enabling it to become a major and profitable player in the industry. The first project is a ground-breaking, sizeable opportunity situated in Oklahoma. The other two projects are located in the San Joaquin Basin in California and the Permian Basin in Texas.

The Company is affiliated with leading academic and government institutions promoting CCUS.  Specifically, the Company is an industrial affiliate of the Stanford University Carbon Storage Center.