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17 Apr 2025 15:00:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}Rekord Bielsko-Biala won 4–0 over Olimpia Elblag on Thu
Predicted lineups are available for the match a few days in advance while the actual lineup will be available about an hour ahead of the match
The current head to head record for the teams are Rekord Bielsko-Biala 1 win(s)
Have scored 6 goals in their last 5 matches
Who won between Rekord Bielsko-Biala and Olimpia Elblag on Thu
17 Apr 2025 15:00:00 GMT?Rekord Bielsko-Biala won 4–0 over Olimpia Elblag on Thu
17 Apr 2025 15:00:00 GMT.InsightsHave scored 7 goals in their last 5 matches
Rekord Bielsko-Biala is playing home against Olimpia Elblag on Thu
Here's how to watch the 2025 UCI MTB Bielsko Biala Poland on FloBikes
What does contemporary Slovak painting have to offer
We are looking for an answer at an exhibition of paintings by prominent Slovak artists
The exhibition Contemporary slovak art from the collection of Orava Gallery in Dolný Kubín
which is organised in cooperation with Orava Gallery in Dolný Kubín
showcases contemporary Slovak painting from the turn of the 21st century
The works have been selected by curator Michal Čajka
art historian and director of Orava Gallery
Paintings by notable Slovak artists including Robert Bielik
Erik Sille and Lucia Tallová represent a variety of styles and creative conventions
Although the exhibition presents only a part of a larger collection
it offers a comprehensive view of current Slovak painting
its condition and the variety of means of expression
Orava Gallery in Dolný Kubín celebrates the 60th anniversary of its foundation in 2025
it has accumulated more than 9,000 works of art representing various genres and disciplines in its collection
One of the disciplines it systematically deals with is painting
Since its foundation in 1965 until the present day
the gallery has amassed a sizable collection of paintings (2,424 works at the end of 2023)
The gallery has successively acquired paintings from past eras
Notwithstanding periods in the history of world art when painting ceased to be the preferred medium of expression
the medium has always been able to defend itself and bring artists back into focus
we can find abstract geometrical and action painting
as well as what theorists cautiously refer to as so-called conceptual painting
The exhibition features works by artists from different generations
from the oldest debuting in the 1960s and 1970s to the youngest who only became recognizable in the early 2020s
In no way should the collection of contemporary painting assembled by the Orava Gallery in Dolný Kubín be considered a closed entity; on the contrary
it is a living organism that should be consciously supplemented with works by further artists
as well as works by those painters who are already represented in the collection
as part of the collection building strategy
The exhibition entitled ‘Contemporary Slovak Art from the Collection of the Orava Gallery in Dolný Kubín’ offers a comprehensive presentation of current Slovak painting
The exhibition was organised as part of a cross-border exchange between Poland and Slovakia
and the next stage of the partnership will be a presentation of Polish contemporary painting from the collection of Galeria Bielska BWA in Bielsko-Biała
This will be held in Orava Gallery in Dolný Kubín between 11 April and 15 June 2025
Poland hosted some epic downhill racing over the weekend at the second stop of the WHOOP UCI Mountain Bike World Series
Watch the highlights from the women’s race below
who had a strong second half to her season in 2023
had a blazing run in Bielsko-Biala and held on for her third victory in the last five World Cup rounds
Camille Balanche was second and Nina Hoffmann held on for third
Hoffmann told the broadcast team that she felt like she raced a little bit too conservatively
Tahnée Seagrave had a fast run and was leading on the upper section of the course
but a bobble in the middle slowed her down
The defending world champ had won semis and was the favorite to win her second straight round
but slid out on a slimy section at the top of the course.
Höll quickly remounted her bike and charged down the second half of the course to finish 6th
The effort earned Vali some important points
allowing her to keep her lead in the overall standings
and Balanche in the top three of the overall standings
See the full results for the women’s race here.
Don't miss another headline from Bike Mag! Subscribe to our newsletter and stay connected with the latest happenings in the world of bike riding
CALGARY, AB, Jan. 14, 2025 /CNW/ - Horizon Petroleum Ltd. (TSXV: HPL) ("Horizon" or the "Company") is pleased to report an updated reserve and resource report for the Lachowice gas field located in the Bielsko-Biala concession in Poland
The reserves were acquired by its 100% owned Polish subsidiary companies through the recently awarded Bielsko-Biala and Cieszyn concessions in Poland (which were awarded on November 19
2024 subsequent to the year end of August 31
CEO of the Company commented: "We are excited to now be able to assign the 2P reserve and contingent resource values to the Company based on historical wells which were flow tested at rates up to 9 MMscf/d
The 34 BCF 2P reserves with a Net Present Value (discounted at 10%) of US$ 84.5 million provides a robust economic base to the company
The additional 163 BCF of risked 2C contingent resources with a Net Present Value (discounted at 10%) of US$ 431 million and risked best estimate prospective resources of 118 BCF provide Horizon with large development upside and an appraisal and development drilling inventory"
RESERVES AND RESOURCES ACQUIRED SUBSEQUENT TO THE YEAR END AUGUST 31
The Company did not hold any properties with reserves or resources (in accordance with NI 51-101)
the Company was granted the Bielsko-Biala and Cieszyn concessions in Poland. Consequently
the reported reserves and contingent resources are the maiden assets of the Company
and their value can be assigned to the Company
The effective date of the report is August 31
Horizon holds the rights to a 100% interest in two conventional oil & natural gas concessions in Poland known as Bielsko-Biala and Cieszyn through two wholly owned Polish subsidiary companies which the Company acquired from San Leon Energy
The full details of the acquisition are described in our Annual Financial Statements and Management Discussion and Analysis.
("APEX") prepared the Reserves and Resource Report with an effective date of August 31
2024). APEX assigned the Probable Reserves and Contingent and Prospective Resources to the Lachowice field
which at 10,561 acres represents approximately 4% of the total lands to be held by Horizon under the concessions (see Table 1 below)
The reserves and resources assigned are subject to significant risks
Please refer to the Risks section at the end of this press release
-Lachowice field (included in the total Bielsko-Biala acreage o 805km2)
3 and 4 below summarize APEX's estimates of Horizon's conventional natural gas reserves and resources as at August 31
with up to 91% methane and 7 bbls/MMcf of condensate
The volumes shown are attributable to Horizon's 100% working interest
before deduction of any associated royalty burdens. The economic values presented are shown after deduction of the associated royalty burdens
but before any attributable income taxes. Table 4 summarizes the commodity pricing used in the economic evaluations
Any reference in this press release to PIIP
contingent resources and prospective resources are not
and should not be confused with oil and natural gas reserves.
Reserve Category Conventional Tight Natural Gas
The Net Present Values (NPV) do not necessarily represent Fair Market Value
An estimate of risked net Contingent Resources (Development Unclarified) and the associated estimate of the net present value of future net revenues associated with the contingent resources is presented below. It is preliminary in nature and is provided to assist the reader in reaching an opinion on the merit and likelihood of the Company proceeding with the required investment
It includes contingent resources that are considered too uncertain with respect to the chance of development to be classified as reserves
There is uncertainty that the risked net present value of future net revenue will be realized.
#The Net Present Values (NPV) do not necessarily represent Fair Market Value
There is no certainty that any portion of the contingent resources will be developed or commercially viable to produce
Prospective Resources were assigned to the undrilled structures in the Bielsko-Biala Concession that were not previously tested by drilling but are up dip from known gas accumulations
Table 4 - Prospective Resources - Imperial Units
Unrisked Prospective Conventional Tight Natural Gas Resources-Play (Bcf) (Sale Gas Volumes) (Net of Recovery Factor and Sales Factor) Best Estimate
Risked Prospective Conventional Tight Natural Gas Resources-Play (Bcf) (Sale Gas Volumes) (Net of Recovery Factor and Sales Factor) Best Estimate
Variable depending on Horizon interpretation
There is no certainty that any portion of the resources will be discovered
there is no certainty that it will be commercially viable to produce any portion of the resources
*The Heating Modifier recognizes the higher heating value of the gas as it includes the ethane and butane still retained within the gas*Electricity Equivalent Gas Price: According to G2P equipment specification
1.5MMcf/d gas can generate 4.5MWh electricity
Convert electricity price to equivalent gas price for Mosaic input
The Lachowice field is at an early stage of conventional natural gas development. Lachowice-1
Lachowice-7 and Stryszawa-2K are the primary wells of interest on the field and
despite being essentially vertical in their design and utilizing sub-optimal drilling and completion methods for naturally fractured formations
respectively. Each of these wells was drilled and tested
with reservoir depths of 2,700-4,000 meters targeting a naturally fractured carbonate reservoir of Middle Devonian age. The natural gas is sweet
Calgary-based Horizon is focused on the appraisal and development of conventional oil & natural gas resources onshore Europe
The Management and Board of Horizon consist of oil & natural gas professionals with significant international experience.
The reserve and resource estimates contained in this press release have been prepared in accordance with NI 51-101
2024 and prepared by APEX Global Engineering Inc. The Company held no reserves or reserves at year end but subsequently was granted the Bielsko-Biala and Cieszyn Concessions on November 19
The reserve and resource estimates of natural gas and natural gas liquids reserves provided in this news release are estimates only
and there is no guarantee that the estimated reserves and/or resources will be recovered. Actual reserves and resources may eventually prove to be greater than
the estimates provided herein. It should not be assumed that the estimates of future net revenues presented herein represent the fair market value of the reserves and/or resources. There are numerous uncertainties inherent in estimating quantities of natural gas and natural gas liquids reserves and/or resources and the future cash flows attributed to such reserves and/or resources
These risks and uncertainties include but are not limited to: (i) the fact that there is no certainty that the zones of interest will exist to the extent estimated or that the zones will be found to have natural gas with characteristics that meet or exceed the minimum criteria in terms of net pay thickness and/or porosity
or that the natural gas will be commercially recoverable to the extent estimated; (ii) the fact that there is no certainty that any portion of the probable reserves and contingent and prospective resources will be commercially viable to produce; (iii) the fact that the Company must hire an operations team and executive team in both Calgary and Poland in order to execute on the development plan
and whether capacity will be available in the existing main pipeline system at reasonable costs; (vii) the risk that there may not be a drilling rig available to drill the required wells
and the risk that if a rig mobilization is required from outside of Poland
that the costs may be prohibitive; (ix) risks inherent in the international oil and natural gas industry; * fluctuations in foreign exchange and interest rates; (xi)the number of competitors in the oil and gas industry with greater technical
financial and operations resources and staff; (xii) fluctuations in world prices and markets for oil and natural gas due to domestic
economic and environmental factors beyond the Company's control; (xiii) changes in government regulations affecting oil and natural gas operations; (xiv) potential liabilities for pollution or hazards against which the Company cannot adequately insure or which the Company may elect not to insure; (xv) contingencies affecting the classification as reserves versus resources which relate to the following issues as detailed in the COGE Handbook: ownership considerations
and economic requirements; (xvi) the fact that there is no certainty that any portion of the prospective resources will be discovered and if discovered
there is no certainty that it will be commercially viable to produce any portion of the resources; and (xvii) other factors beyond the Company's control
and should not be confused with oil and natural gas reserves
Total Petroleum Initially in Place ("PIIP") refers to the total quantity of petroleum that is estimated to exist originally in naturally occurring accumulations
It includes the petroleum that exists in known accumulations prior to production and the estimated quantities yet to be discovered in the various leads and prospects identified by seismic and inferred by geology
A portion of the PIIP will be recoverable as determined by ultimate recovery factors and the estimated recoverable portion is further classified as Reserves
Contingent Resources or Prospective Resources
Discovered Petroleum Initially in Place ("Discovered PIIP" or "DPIIP") is the total quantity of Petroleum that is estimated as of the effective date of the Report to be contained in known accumulations prior to production
Multiple development projects may be applied to each known accumulation which may be separated vertically into different formations or by area in different pools; each project will recover a portion of the PIIP according to its unique reservoir characteristics
The projects will be subdivided into Commercial and Sub-Commercial at the effective date with the estimated recoverable petroleum quantities being classified as Reserves and Contingent Resources
Reserves are estimated remaining quantities of oil and natural gas and related substances anticipated to be commercially recoverable from known accumulations
(a) analysis of drilling
(b) the use of established technology; and
(c) specified economic conditions (see the discussion of "Economic Assumptions" below)
Reserves are classified according to the degree of certainty associated with the estimates
(d) Proved Reserves are those reserves that can be estimated with a high degree of certainty to be recoverable
It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves
(e) Probable Reserves are those additional reserves that are less certain to be recovered than proved reserves
It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves
(f) Possible Reserves are those additional reserves that are less certain to be recovered than probable reserves
It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved + probable + possible reserves
Company Gross Reserves are the Company's working interest (operating or non-operating) share before deducting royalties and without including any royalty interests of the Company
Resources are defined in the Canadian Oil and Gas Evaluation Handbook (COGEH) Volume 1
Contingent Resources are those quantities of petroleum estimated
to be potentially recoverable from known accumulations
but the applied projects are not yet considered mature enough for commercial development due to one or more contingencies
projects for which there are currently no viable markets
or where commercial recovery is dependent on technology under development
or where evaluation of the accumulation is insufficient to clearly assess commerciality
Contingencies may include factors such as economic
It is also appropriate to classify as contingent resources
the estimated discovered recoverable quantities associated with a project in the early evaluation stage
Contingent Resources are further classified in accordance with the level of certainty associated with the estimates and may be sub classified based on project maturity and/or characterized by their economic status
Not all technically feasible development plans will be commercial
The commercial viability of a development project is dependent on the forecast of fiscal conditions over the life of the project
the risk component relating to the likelihood that an accumulation will be commercially developed is referred to as the "chance of development." For contingent resources
the chance of commerciality is equal to the chance of development
Development Pending are contingencies that are being actively pursued; expect resolution in a reasonable time period; are directly influenced by the developer with both
internal approvals and commitment and development timing and; have a high chance of development (>80%)
Development on Hold are contingencies with major non-technical contingencies identified; have a reasonable chance of development (>50%); have contingencies that are beyond the control of the developer including but not limited to: external approvals
Development Unclarified are contingencies that have not been clearly defined; the project is currently under active evaluation; significant further appraisal may be required; progress is expected in a reasonable time period; chance of development is difficult to assess and could be a big range (20%-80%)
Development Not Viable are contingencies that have been identified; the project was evaluated and considered not viable or significant further appraisal may be required; progress is not expected in a reasonable time period and; has a low chance of development (<<50%)
Contingent Resources –Development Pending and –Development On Hold are considered economic
Contingent Resources –Development Unclarified have economics that are undetermined
and Contingent Resources –Development Not Viable are considered sub-economic
Prospective Resources are those quantities of petroleum estimated
to be potentially recoverable from undiscovered accumulations by application of future development projects
Prospective resources have both an associated chance of discovery and a chance of development
Prospective Resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be sub classified based on project maturity
Not all exploration projects will result in discoveries
The chance that an exploration project will result in the discovery of petroleum is referred to as the "chance of discovery." Thus
the chance of commerciality is the product of two risk components — the chance of discovery and the chance of development
Estimates of resources always involve uncertainty
and the degree of uncertainty can vary widely between accumulations/projects and over the life of a project
estimates of resources should generally be quoted as a range according to the level of confidence associated with the estimates
An understanding of statistical concepts and terminology is essential to understanding the confidence associated with resources definitions and categories
which apply to all categories of resources
The range of uncertainty of estimated recoverable volumes may be represented by either deterministic scenarios or by a probability distribution
This approach to describing uncertainty may be applied to reserves
There may be significant risk that sub commercial and undiscovered accumulations will not achieve commercial production
it is useful to consider and identify the range of potentially recoverable quantities independently of such risk
The main contingencies identified in the Lachowice Reserves Report are the successful recompletion of existing abandoned wells
the expected decline rates and the approval and completion of new development and new re-entries. Table 6 below outlines the positive and negative factors which may be relevant to the Resource Report assumptions and estimates
using Boe's and Mcfe's may be misleading as an indication of value
billion cubic feet of natural gas equivalent
thousand cubic feet of natural gas equivalent
Net Profit Interest payable as part of the acquisition consideration
This press release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws relating to the Company's plans and other aspects of our anticipated future operations
commodity prices and business opportunities
and without limiting the generality of the foregoing
this press release contains forward-looking information regarding anticipated netbacks
the timing of the remaining regulatory approvals for oil and gas operations in Poland
and the current operating plans with respect to the Company's right to assets in Poland as well as the source of funding the Company's capital spending
Forward-looking information typically uses words such as "anticipate"
"intend" or similar words suggesting future outcomes
"could" or "will" be taken or occur in the future
The forward-looking information is based on certain key expectations and assumptions made by Horizon's management
including expectations and assumptions noted previously in this press release under oil and gas advisories
and in addition with respect to prevailing commodity prices which may differ materially from the price forecasts used by Apex and differentials
applicable royalty rates and tax laws; future production rates and estimates of operating costs; performance of future wells; reserve and resource volumes; anticipated timing and results of capital expenditures; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing
location and extent of future drilling operations; the state of the economy and the exploration and production business; results of operations; performance; business prospects and opportunities; the availability and cost of financing
labour and services; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions
the ability to market natural gas successfully and Horizon's ability to access capital
Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable
undue reliance should not be placed on the forward-looking information because Horizon can give no assurance that they will prove to be correct
Since forward-looking information addresses future events and conditions
by its very nature they involve inherent risks and uncertainties
performance or achievement could differ materially from those expressed in
no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur
what benefits that we will derive therefrom
Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide securityholders with a more complete perspective on future operations and such information may not be appropriate for other purposes
Readers are cautioned that the foregoing lists of factors are not exhaustive
These forward-looking statements are made as of the date of this press release and we disclaim any intent or obligation to update publicly any forward-looking information
other than as required by applicable securities laws
This press release contains future-oriented financial information and financial outlook information (collectively
"FOFI") about Horizon's prospective results of operations
all of which are subject to the same assumptions
limitations and qualifications as set forth in the above paragraphs
FOFI contained in this press release was made as of the date of this press release and was provided for the purpose of providing further information about Horizon's anticipated future business operations
Readers are cautioned that the FOFI contained in this press release should not be used for purposes other than for which it is disclosed herein
This press release includes non-GAAP measures as further described herein
These non-GAAP measures do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS" or
"GAAP") and therefore may not be comparable with the calculation of similar measures by other companies
Neither 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
For further information about the Company, please contact: Dr. David Winter, CEO, +1 403 619-2957, [email protected]; Ian Habke, CFO and Vice President Finance, +1 403 973-2900, [email protected]
Do not sell or share my personal information:
14 Mar 2025 19:00:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}Rekord Bielsko-Biala won 2–1 over Resovia on Fri
The current head to head record for the teams are Resovia 1 win(s)
Have scored 4 goals in their last 5 matches
Who won between Resovia and Rekord Bielsko-Biala on Fri
14 Mar 2025 19:00:00 GMT?Rekord Bielsko-Biala won 2–1 over Resovia on Fri
14 Mar 2025 19:00:00 GMT.InsightsHave scored 9 goals in their last 5 matches
Resovia is playing home against Rekord Bielsko-Biala on Fri
This website is using a security service to protect itself from online attacks
The action you just performed triggered the security solution
There are several actions that could trigger this block including submitting a certain word or phrase
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Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page
2024This weekend will feature the first UCI MTB World Series enduro and downhill doubleheader at Szczyrk Resort in Bielsko-Biala
Rparys
To learn how to keep up with all of the Enduro action
Enduro racers will get their practice laps in
The UCI allows riders one practice lap per stage
it would be counterproductive to over-practice
Riders are allowed to inspect the course on foot
Watch Jack Moir's track walk video below
Stay tuned for practice highlights the night before the race
After the riders practice, the UCI will hold a press conference with some top athletes. Watch the press conference before Finale here.
On Friday, the EDR racers will go head to head again. That’s less than a week after a gruelling first round
The race will be held on Friday to make room for the downhill and E-EDR competitions over the weekend
The racers will embark at 9:30 AM and finish up by 6:30 PM local time (12:30 pm EST)
racers will be required to complete the liaisons between stages in a set amount of time
This caused some drama in Finale when athletes felt that the cutoff times were too short. Many racers struggled to climb to the stages in time
This was exacerbated by the cancellation of stage 4 after a crash closed down the stage.
Awards will be held immediately following the race
the UCI appears to be showcasing the event by scheduling it on Saturday
The electric enduro racers will have a longer course with more stages
so there will be no enduro action on Sunday
Read more about how to follow the downhill race in BIKE’s World Cup Downhill guide here
05 Apr 2025 12:30:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}Rekord Bielsko-Biala won 2–1 over KKS 1925 Kalisz on Sat
The current head to head record for the teams are Rekord Bielsko-Biala 0 win(s)
Who won between Rekord Bielsko-Biala and KKS 1925 Kalisz on Sat
05 Apr 2025 12:30:00 GMT?Rekord Bielsko-Biala won 2–1 over KKS 1925 Kalisz on Sat
05 Apr 2025 12:30:00 GMT.InsightsHave scored 6 goals in their last 5 matches
Rekord Bielsko-Biala is playing home against KKS 1925 Kalisz on Sat
08 Mar 2025 14:00:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}GKS Jastrzebie vs TS Podbeskidzie Bielsko-Biala on Sat
The current head to head record for the teams are GKS Jastrzebie 2 win(s)
Have scored 3 goals in their last 5 matches
Who won between GKS Jastrzebie and TS Podbeskidzie Bielsko-Biala on Sat
08 Mar 2025 14:00:00 GMT?GKS Jastrzebie vs TS Podbeskidzie Bielsko-Biala on Sat
08 Mar 2025 14:00:00 GMT ended in a 0–0 tie.InsightsHave scored 5 goals in their last 5 matches
GKS Jastrzebie is playing home against TS Podbeskidzie Bielsko-Biala on Sat
02 Mar 2025 13:30:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}Rekord Bielsko-Biala vs Olimpia Grudziadz on Sun
Who won between Rekord Bielsko-Biala and Olimpia Grudziadz on Sun
02 Mar 2025 13:30:00 GMT?Rekord Bielsko-Biala vs Olimpia Grudziadz on Sun
02 Mar 2025 13:30:00 GMT ended in a 1–1 tie.InsightsHave scored 7 goals in their last 5 matches
Rekord Bielsko-Biala is playing home against Olimpia Grudziadz on Sun
21 Mar 2025 18:00:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}SKRA Czestochowa won 1–0 over TS Podbeskidzie Bielsko-Biala on Fri
The current head to head record for the teams are SKRA Czestochowa 2 win(s)
Who won between SKRA Czestochowa and TS Podbeskidzie Bielsko-Biala on Fri
21 Mar 2025 18:00:00 GMT?SKRA Czestochowa won 1–0 over TS Podbeskidzie Bielsko-Biala on Fri
21 Mar 2025 18:00:00 GMT.InsightsHave scored 3 goals in their last 5 matches
SKRA Czestochowa is playing home against TS Podbeskidzie Bielsko-Biala on Fri
2024Another action-packed weekend of World Cup racing wrapped up in Bielsko-Biala
Watch the highlights from the men’s race below
This round, Irish youngster Ronan Dunne took the win, fresh off his win at Red Bull Hardline. After watching Ronan carry remarkable pace through various sections over the years
many felt that it was only a matter of time before he put a top-to-bottom run together
Overall leader Loic Bruni finished second and Loris Vergier was third after making an incredible save
A couple of riders had heartbreaking falls on some very promising runs.
a second-year elite racer who flies somewhat under the radar because he shares a birth year with Jordan Williams and Jackson Goldstone
was over a second up on leader Loic Bruni when he washed out and went down
Stevens-McNab will certainly be a rider to watch going forward
Dakota Norton won the semi-finals and was last to drop in and try and unseat his teammate Ronan Dunne
Norton misjudged a loose high line at the top of the course and slid out
The elusive World Cup win that Dak has been chasing will have to wait
See the results from the elite men’s race here.
the UCI World Cup Downhill circuit will visit Szczyrk Resort in Bielsko-Biala
See the official preview of the track from the UCI below
Though the preview only features footage of the track in pristine condition before it's fully ridden in
it gives a good idea of what the course will look like
The Bielsko-Biala World Cup course features a lot of jumps and smooth berms
though there are some off-camber sections as well
The course will start at the mid-station of Szczyrk and has about 1500 feet of vertical drop
A German language media outlet did a more in-depth preview of the course
athletes will put eyes on the course during the track walk before putting tires on it on Friday
Stay tuned for a guide to the weekend of racing
Monster Energy congratulates team rider Marine Cabirou on taking first place in the UCI Downhill Mountain Bike World Cup in Bielsko Biala
especially after falling and missing out in Fort William
and I can't wait for the next one." - Marine Cabirou
First place at stop two of the season! Monster Energy congratulates team rider Marine Cabirou on taking first place in the UCI Downhill Mountain Bike World Cup in Bielsko Biala
took the win in the first-ever mountain bike World Cup contested in Poland
the Mercedes-Benz UCI Mountain Bike World Cup brought the world elite of downhill mountain bike racing to Bielsko Biala
The second event of the 2024 season marked the first UCI Mountain Bike World Cup event contested in Poland
Spectators witnessed the official UCI Downhill
alongside fan activations and a bike expo event
the scenic trails at Bielsko Biala have been a favorite among European bike enthusiasts since 2015
the winding downhill courses provided the backdrop for outstanding performances and dramatic showdowns all weekend
In the Elite Women's division, 27-year-old Marine Cabirou dropped in as a podium favorite after taking fourth place in the season opener at Fort William
the French team rider put down an unbeatable run with a finish time of 03:26.643 for first place
especially after falling and missing out in Fort William," said Cabirou
"The conditions for the women's race were crazy with the weather
It was super hard to read the track [grip levels] during my race run after the rain
but I knew I had to push and build my speed as the run went on
Cabirou's biggest competition in Poland came courtesy of 34-year-old Camille Balanche from La Chaux-de-Fond
Balanche completed the downhill course with a 03:27.831 finish time for second place while juggling the uncertainty of the track's conditions for her finals run
I kept the mud tires on just in case," said Balanche
"My plan was to be safe with my run considering how the conditions changed [from dry to wet]
It was such a weird weekend with a few big crashes and the sudden weather changes
so I'm stoked I got down safe and on the podium
Hoping for more consistency going into round three in a few weeks."
The Elite Men's division finals rounded out an epic weekend for mountain bike racing in Poland. In a session full of close calls and high-risk riding, 27-year-old Loris Vergier from Cagnes-sur-Mer
Vergier claimed third place in the tight race with a 02:56.963 finish time
"I took a huge chance today and didn't hold back," said Vergier
on taking risks toward his third-place finish
"I made a couple of mistakes that put me back from the win
but that's what you get when you push that far into the limit
and to get third is really good going into the next race
Also rising to the podium, 28-year-old Amaury Pierron from Brioude
claimed fifth place with a finish time of 02:57.596
"It's been three beautiful days here in Poland," said Pierron
who is fighting his way back to the top after his injury
"The first round in Fort William was filled with nerves
I had to find my pace again after making my return [from injury]
We decided to go testing before coming here to help clear my head and work on some new setups
The rain came and I was having so much fun sliding around and felt even better
I knew I needed to push harder when [the track] was drying and build momentum from there
I'm super happy I was able to get the race run flow again and keep the pressure off myself today
In the heated Junior Women's division final
17-year-old Monster Army rider Erice van Leuven from Aotearoa
finished in close second place with a 03:28.933 finish time
only fractions of a second behind first place
Van Leuven is currently the reigning UCI Downhill Junior Women's World Champion
catch the action during the UCI Downhill World Cup in Leogang
Kimberly Paige Dresser, Indie Agency, Inc., (949) 300-5546, [email protected], https://www.indiepragency.com
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2024This weekend UCI MTB World Series will visit Bielsko Biala
Poland for the first time ever with a downhill-enduro double header
Studio Barcelona
To learn how to keep up with all of the downhill action
The format and schedule of racing will be much the same as in Fort William with the track walk on Thursday
For a more in-depth explanation of the format, see BIKE’s Fort William Weekend Guide.
riders will get their first training runs on the course
Riders generally use the untimed practice session to dial in their lines
This is why there are often riders milling about on the side of the course in raw practice videos
See a preview of the Bielsko-Biala downhill course below
Though timed training means nothing in terms of overall points
fans can sometimes glean some helpful context of who is riding well
was fastest in timed training in Fort William
Loic Bruni on the other hand was three seconds off in training before taking off the gloves in finals
SaturdayIn today’s World Cup paradigm
Saturday is a crucial day for riders to perform
Racers must place well in both qualification and semi-finals to even have a chance at competing in the big show on Sunday
The top 60 men and 15 women in qualifying move on to the semi-finals
while the top 25 junior men and top 10 junior women advance straight to race day
See the provisional schedule for qualification below
Many established riders are protected in the qualification round
meaning they will advance to the semi-finals regardless of how they finish
The UCI describes the protected riders in qualification as follows:
ranked in the top 5 women elite andthe top 10 men elite of the final UCI World Cup standings of the previous season)2
The best ranked riders from the current UCI World Cup standings
until a total of 10 women elite and 20 men elite arereached
This means that the following riders will race the qualification round with protected status for the semi-final
Protected Elite Men For Semi-Final: Loic Bruni
Protected Elite Women For Semi Final: Valentina Höll
the top 3 ranked junior men and women will be protected
and automatically advance from the qualifying round to finals
the qualifying elite men and women will go back up to race the semi-final
The schedule for the semi-finals in Bielsko-Biala will be as follows
To ensure that the fastest racers don't miss finals due to a mechanical or a crash
the UCI designates the highest-ranked racers protected status
See the criteria for protection for finals from the UCI below
Riders ranked in the top 3 women elite and top 3 men elite of the final UCI WorldCup standings of the previous season
until a total of 5 women elite and 10 men elite are reached
Protected Elite Women For Final: Vali Höll
After the course opens in the morning for practice runs
To find where to watch the live broadcast of the World Cup
Note that these times are subject to change
2024Wyn TV is a must-watch following every World Cup
In the series Kiwi racer and personality Wyn Masters interviews riders in the race pits with various comical items as the microphone
Watch the Wyn TV episode from the Bielsko Biala World Cup below
Though the interview is over an hour long it is a worthwhile watch
Amaury Pierron’s choice of shorts at the end of the video is worth sticking around for
Elite men’s winner Ronan Dunne telling Wyn that he told himself heading into the race that he was either leaving with the win or in a helicopter before groaning about taxes on his race winnings is entertaining
Ronan's run was electric and it was nice to see him in good spirits and not a helicopter
Wyn also interviewed Neko Mulally about the saga of the Frameworks team’s stolen bikes. As it turned out
Neko was able to track his bikes to a scrap yard but he feared for his safety when he confronted the proprietor and bailed
Neko was able to pick up spare frames and the Frameworks team picked up right where they left off
Asa Vermette grabbed his second win in a row in the junior category and Angel Suarez made it into 9th
Stay tuned for more downhill coverage from Red Bull Hardline In two weekends
riders finished up practice for the EDR in Beilsko Biala Poland
See the raw footage from the practice below
many were excited to race on a course that was faster and more open than Finale
the riders were carrying good speed on the tracks
To get a full preview of each stage, Charlie Murray has a POV from each stage on his YouTube channel.
It was good to see Jack Menzies and Jesse Melamed on the course. On Tuesday, the pair announced that their bikes had been stolen in Vienna on the drive to Poland
Thankfully their sponsors were able to track down bikes for them to use in the race in just a couple of days
There is a slight chance of of rain in the forecast in Bielsko-Biala which could turn the dusty conditions slick on race day
Tune in to BIKE’s homepage for more coverage of the World Cup in Poland
Notifications can be managed in browser preferences.
Floods have already killed six people in Romania and one in Austria
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Five more people have been killed in massive flooding in Central Europe
The number of flood victims in southwestern Poland rose from one to five after the body of a surgeon returning from hospital duty was found in the town of Nysa
the bodies of two women and two men were found separately in the towns of Bielsko-Biala and Lądek-Zdrój and in two villages
Water has subsided in those areas since then
but experts are warning of a flood threat in Opole
where the Oder River has reached high levels
Concerns have also been raised in the city of Wroclaw
Prime Minister Donald Tusk has convened an emergency government session to consider special measures to speed up financial and other support to flooding victims
Police in the Czech Republic said one woman drowned in the northeast
which has been pounded by record rainfalls since Thursday
The floods already killed six people in Romania and one in Austria.
Most parts of the Czech Republic have been affected by floods but the situation was worst in two northeastern regions where authorities declared a state of emergency, including in the Jeseniky mountains near the Polish border.
A number of towns and cities were submerged on Sunday in the regions, with thousands evacuated. Military helicopters joined rescuers on boats in efforts to transport people to safety.
Waters were receding from the mountainous areas on Monday, leaving behind destroyed houses and bridges and damaged roads.
In most parts of the country, conditions were expected to improve on Monday.
Floods moving toward the southeastern Czech Republic inundated the town of Litovel.
The Oder River that flows to Poland flooded parts of the city of Ostrava in the Czech Republic, forcing more evacuations on Monday.
Authorities in Ostrava, the country's third-largest city, warned against traveling there. Many schools were closed and most people were without hot water and heating. Officials said some 120,000 households were without power Monday morning nationwide.
After flooding hit Austria, the Czech Republic, Poland and Romania, it might impact Slovakia and Hungary next as a result of a low-pressure system from northern Italy that has been dumping record rainfall in the region since Thursday.
In Hungary, the mayor of Budapest warned residents that the largest floods in a decade were expected to hit the capital later in the week, with the waters of the Danube River set to breach the city’s lower quays by Tuesday morning.
Mayor Gergely Karácsony wrote on Facebook that the city would use 1 million sandbags to protect various parts of the city, and asked residents to take extra care when near the river.
A drone image showing the floods in the Ostrava-Koblov district, Czech Republic, Sunday Sept. 15, 2024
CALGARY, AB, Nov. 21, 2024 /CNW/ - Horizon Petroleum Ltd. (TSXV: HPL)
("Horizon" or the "Company") is pleased to announce that its wholly owned Polish subsidiaries have received the final
signed concession agreements for a 100% working interest in the Bielsko-Biala and Cieszyn concessions located in southwest Poland. In connection with the signed concession agreements the Company has also entered into an amendment agreement with San Leon Energy plc ("San Leon") to amend the payment date for the final consideration payable to San Leon to on or before April 30
The completion of these steps satisfies the remaining conditions for graduation of the Company from the NEX to the TSX Venture Exchange as a Tier 2 Oil and Gas Issuer
The Company expects to complete this graduation process next week
CEO commented "We are pleased that the signing of the concessions has now taken place and that we can now prepare to commence operations
Importantly the Company can now book the independently evaluated probable reserves and 2C contingent resource values contained in the Lachowice gas development project which together exceed 200 bcf and have a Net Asset Value (discounted at 10%) that exceeds US$ 450 million (CAD $ 631 million)
the Company has also held consultation meetings with local communities and local authorities regarding the development of the Lachowice gas field
The development has been very well received locally and the communities and authorities are supportive of the Company's development plans
preparatory operations at the Lachowice-7 well location in readiness for a well re-entry planned for Q3 2025 to establish first gas production from the initial stage of development
I would like to thank all shareholders and stakeholders for their support and patience during this long process
Our team now look forward to getting on with the work to demonstrate and realize the exciting potential value associated with the Lachowice gas development."
Overview of Horizon Petroleum's Polish Licences
The Bielsko-Biala and Cieszyn concessions are located in southwest Poland and comprise 1,130 square kilometers
("Apex") was engaged to provide an NI51-101 compliant independent evaluation of reserves and contingent resources in the Lachowice gas development project located in the Bielsko-Biala concession
The Reserve and Resource Report is dated effective December 31
The reserves and resource data summarize the natural gas liquids and natural gas reserves and contingent resources; and the before tax net present values of future net revenue for these reserves and contingent resources reflecting Horizon's 100% working interest using forecast prices and costs as stated in the report and summarized below
The Reserve and Resource Report has been prepared in accordance with the standards contained in the COGE Handbook and the reserve definitions contained in NI 51-101 and the COGE Handbook.
The Reserve Report is based on certain factual data supplied by the Company and
is within acceptable tolerances consistent with industry experience and practice
The extent and character of ownership and all factual data pertaining to the Company's two Polish properties and contracts were supplied by Horizon Petroleum to Apex
There are numerous uncertainties inherent in estimating quantities of crude oil
natural gas and NGL reserves and resources and the future cash flows attributed to such reserves/resources
The reserves/resources and associated cash flow information set forth in this prospectus are estimates only
estimates of economically recoverable oil and natural gas reserves and the future net cash flows there from are based upon a number of variable factors and assumptions
such as historical production from the properties
the assumed effects of regulation by governmental agencies and future operating costs
all of which may vary materially from actual results
estimates of the economically recoverable natural gas liquids and natural gas reserves attributable to any particular group of properties
classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers
or by the same engineers at different times
taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material
It should not be assumed that the undiscounted or discounted net present value of future net revenue attributable to reserves estimated by Apex represent the fair market value of those reserves.
The information relating to the Company's natural gas liquids and natural gas reserves contains forward- looking statements relating to future net revenues
future development plans and costs related thereto
anticipated production and abandonment and reclamation costs.
The forecast cost and price assumptions above assume changes in future wellhead commodity prices and take into account inflation with respect to future operating and capital costs
The following natural gas liquids (condensate), natural gas and electricity benchmark reference pricing
inflation and exchange rates were utilized in the Reserve Report
Natural Gas Heating Modifier*
Gas Transportation
1.5MMcf/d gas can generate4.5MWh electricity
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
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation
expectations and objectives for future operations that are subject to a number of assumptions
many of which are beyond the control of Horizon
Forward-looking statements are statements that are not historical facts and are generally
This press release contains forward-looking statements pertaining to
among other things entering into the Concessions and completion of the transformation process and the furtherance of Horizon's European acquisition and development strategy. There is no assurance the Concession will be granted or the transformation process will be completed
Forward-looking information is based on current expectations
estimates and projections that involve a number of risks
which could cause actual results to vary and in some instances to differ materially from those anticipated by Horizon and described in the forward-looking information contained in this press release
Although Horizon believes that the material factors
expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made
no assurances can be given as to future results
levels of activity and achievements and such statements are not guarantees of future performance
For further information about the Company, please contact: Dr. David Winter, CEO, +1 403 619-2957, [email protected]; Ian Habke, CFO and Vice President Finance, +1 403 973-2900, [email protected]
2024It is shaping up to be an action-packed week of racing in Bielsko Biala Poland
Watch Charlie Murray preview stage 4 of the race below
Murray went for a full pull of the stage with one bobble when he broke through the tape
Charlie Murray is coming off his best-ever finish last weekend in Finale
In his first impression video
Charlie described the whole course as fast and physical
Stage 4 is more of the same and will require racers to be on the pedals quite a bit
Murray has fared well on that sort of stage
See the rest of the stage previews on Charlie’s YouTube channel.
To see how to follow the action check out BIKE's weekend guide for the Bielsko-Biala EDR
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