ABOUT US PROJECTS FINANCIAL REPORTS NEWS CONTACT Horizon Petroleum Ltd. is a Calgary-based, dynamic exploration and production company targeting conventional, high-netback natural gas assets in Europe. Horizon has established an operated gas development platform in Europe with assets in Poland (closing expected Q3 2018) and France. Horizon is well positioned to capitalize on a favourable European operating environment to acquire additional conventional assets featuring low-risk, undervalued opportunities where we can convert discovered resources into reserves, and leverage our team’s extensive experience growing international E&P companies. Horizon trades on the TSX Venture Exchange under the symbol HPL, and on the Frankfurt Stock Exchange under the symbol HMP1. HORIZON PETROLEUM Suite 1500, 700 4th Ave. SW Calgary, AB T2P 3J4 (+1) 403 619 2957 RECENT NEWS Horizon Announces Second Closing of Acquisition in Poland Horizon Announces Initial Closing of Acquisition in Poland RECENT REPORTS Q3 | for the three and nine months ended May 31, 2019 and 2018 Q2 | for the three and six months ended February 28, 2019 Q1 | For the three months ended November 30, 2018 and 2017 Q4 | For the years ended August 31, 2018 and 2017 © 2017 Horizon Petroleum Directors Management Projects Contact News Reports Privacy

ABOUT US PROJECTS FINANCIAL REPORTS NEWS CONTACT FRANCE PR0PERTIES Horizon is the operator and 100% interest holder in the Ledeuix exploration license in the Aquitaine Basin, SW France; Interests are held through wholly-owned Luxembourg subsidiaries The Ledeuix license expired in August, 2018; Horizon has applied to the French government for an extension to the license Ledeuix contains the Saucede discovery which was drilled in 1979 by ESSO with TD at 5,638m Flow rates up to 21 MMscf/d averaged 10 MMscf/d during tests from reservoirs 4,500 – 4,800m Well placed on production 08/1981 to 06/1985 with production rate 1.45MMscf/d declining to 0.46 MMscf/d – impacted by reservoir formation damage during drilling Test data indicates likely well IP’s 25-30 MMscf/d Cumulative production of 2 bc Ledeuix Property Well Test & Production Summary Aquitaine Basin – existing pools © 2017 Horizon Petroleum Directors Management Projects Contact News Reports Privacy

ABOUT US PROJECTS FINANCIAL REPORTS NEWS CONTACT Q1 | For the three months ended November 30, 2018 and 2017 Nov 30, 2018 HORIZON PETROLEUM LTD. (formerly Horizon Petroleum PLC) Suite 490, 700 – 4th Avenue SW, Calgary, Alberta, T2P 3J4 Q1 CONDENSED INTERIM FINANCIAL STATEMENTS Q1 CONDENSED INTERIM MD&A For the three months ended November 30, 2018 and 2017 HORIZON PETROLEUM Suite 1500, 700 4th Ave. SW Calgary, AB T2P 3J4 (+1) 403 619 2957 RECENT NEWS Horizon Announces Second Closing of Acquisition in Poland Horizon Announces Initial Closing of Acquisition in Poland RECENT REPORTS Q3 | for the three and nine months ended May 31, 2019 and 2018 Q2 | for the three and six months ended February 28, 2019 Q4 | For the years ended August 31, 2018 and 2017 Q3 | for the three and nine months ended May 31, 2018 and 2017 © 2017 Horizon Petroleum Directors Management Projects Contact News Reports Privacy