Horizon Energy Corporation has signed an agreement with South Texas-based T-JAY EXPLORATION, LLC, to evaluate several oil and natural gas prospects. The leases are located in the south Texas counties of Victoria and San Patricio. The agreement with T-JAY is the third in Horizon's ongoing efforts to identify prospective opportunities for the exploration, development and production of domestic oil and gas.
'We are looking forward to joining the independent operators in this area and establishing a mutually advantageous relationship with T-JAY EXPLORATION and its many top-level affiliates,' said Robert Bludorn, President and CEO of Horizon Energy Corporation. He added, 'The oil business is a legacy here - part of our rich Texas heritage. We look forward to enhancing the local economy as we explore opportunities in this area.'