Hungarian Horizon, An Affiliate Of Aspect Energy Based In Denver (Usa)

Aspect Holdings, LLC Aspect Holdings, LLC is a privately held independent exploration and energy investment company established in 1992 by Alex Cranberg. Mr. Cranberg chose the name Aspect to reflect his long-standing philosophy of approaching challenges from every possible aspect. Generating innovative answers by examining every potential solution is at the core of the Company’s beliefs. Aspect is a clean energy company dedicated to the people and the environment - in each area in which we operate. Having invested previously in a wind energy company, Aspect continues to focus on innovative ways to utilize clean energy resources. One major clean energy resource is natural gas, and approximately 80% of Aspect’s current hydrocarbon production is natural gas. Aspect Holdings and its affiliates have assembled some of the industry’s greatest talents. These employees form the backbone of a group of companies leading their peers in each of the regions in which they operate. Aspect’s people, creative use of technology, and unique approach to solving problems combined with their drive to succeed have served as a foundation for the Company’s success. From 1998-2009, Aspect and its partners spent $ 1.2 billion to drill over 585 wells. Together they recognized a success rate of 57% finding 732 Bcfe in reserves worth $2.2 billion (PV10). Combined daily production net to Aspect and its affiliates is currently ~ 9,000 boe/day.