Aug 9 (Reuters) - Horizon Petroleum Ltd HPL.V :
* HORIZON PETROLEUM ANNOUNCES JOINT VENTURE ON LACHOWICE NATURAL GAS FIELD
* HORIZON PETROLEUM - UNDER TERMS OF LOI, FARMEE AGREED TO FUND 100% OF CAPITAL EXPENDITURES REQUIRED TO BRING LACHOWICE FIELD TO FIRST PRODUCTION
* HORIZON PETROLEUM LTD - FARM-IN OBLIGATION IS EXPECTED TO TOTAL APPROXIMATELY US$8 MILLION