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File: News Release Dec  10 2013 - Niger Delta (00082084).doc

 
Horizon Petroleum plc
Queensway House, Hilgrove Street
 St Helier, Jersey JE1 1ES
www.horizon-petroleum.com
 
 
 
NEWS RELEASE

Jersey, Channel Islands 	10th  December, 2013 
Company provides update on its activities in Sub Saharan Africa

Horizon Petroleum plc ("Horizon" or "the Company") (TSX.V: HPL) provides the following update on its activities in sec
--->uring oil and gas assets in Sub Saharan Africa.

Horizon has recently joined a bidding group with Niger Delta Exploration & Production Plc and its subsidiary Niger Del
--->ta Petroleum Resources Ltd ("Niger Delta"). This enables Horizon to bid for opportunities in Nigeria that are only ava
--->ilable to indigenous Nigerian companies and their partners. This consortium is well placed to bid on sales of proven o
--->il fields from international oil companies (IOCs), and for marginal fields.

Peter Clutterbuck, CEO of Horizon Petroleum, commented as follows: 
"Consistent with our objectives of selecting top quality indigenous companies to work with in proven hydrocarbon provi
--->nces, we have assessed a large number of operators in Nigeria, and are delighted to be working with Niger Delta as our
---> selected partner. Niger Delta has been operating since 1992, and is Nigeria's first indigenous Marginal Field Operato
--->r in production. It holds interests in several petroleum assets in Nigeria, and is expanding rapidly. Niger Delta's ex
--->perience in operating in Nigeria, including its effective community relations projects, opens up opportunities in prov
--->en and producing reserves that would not otherwise be available to us. The Niger Delta Basin has enormous remaining un
--->tapped potential which we also intend to develop with our partners". 

ON BEHALF OF THE COMPANY
"Peter Clutterbuck"
Peter Clutterbuck,  President and Chief Executive Officer
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.