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

HOUSTON--(BUSINESS WIRE)--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.