EXHIBIT 99.1
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Horizontal Ventures, Inc.
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, Xxx Xxxx 00000
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PROXY
FOR THE SPECIAL MEETING OF SHAREHOLDERS - FEBRUARY 5, 1999
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF
HORIZONTAL VENTURES, INC.
The undersigned hereby appoints Xxxxxxx X. Xxxxxx, Chairman and Chief
Executive Officer of Horizontal Ventures, Inc., a Colorado corporation ("HVI"),
with full power of substitution, the proxy of the undersigned to represent and
vote, as designated below, all shares of HVI common stock, no par value ("HVI
Common Stock"), standing in the name of the undersigned with the powers the
undersigned would posses if personally present at the Special Meeting of the
Shareholders of HVI to be held on February 5, 1999 at 10:00 a.m. local time at
the principal executive offices of Saba Petroleum Company ("Saba") at 0000
Xxxxxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxx, Xxxxxxxxxx, and at any reconvened meeting
after any adjournment or postponement thereof.
1. To approve the issuance by HVI of up to an aggregate of 1,300,000
shares of HVI Common Stock shares (the "HVI Share Issuance") pursuant
to the Agreement and Plan of Merger dated December 18, 1998 among HVI,
HVI Acquisition Corporation (a wholly owned subsidiary at HVI), and
Saba.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
2. To approve a change in the name of HVI to GREKA Energy Corporation.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
3. To approve the issuance of up to an additional 2,000,000 shares of
common stock for possible future acquisitions.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
The HVI Board of Directors recommends that you vote "FOR" each of the above
proposals.
4. On any and all other matters that may properly come before the
meeting.
This proxy, when properly executed, will be voted in the manner directed
herein by the undersigned shareholder. IF NO SPECIFIC DIRECTIONS ARE GIVEN,
THIS PROXY WILL BE VOTED "FOR" EACH OF THE ABOVE PROPOSALS.
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Print Name Signature of Shareholder
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Number of Shares Signature if Held Jointly
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Date
Please sign exactly as name appears on the certificate or certificates
representing shares to be voted by this proxy. When signing as executor,
administrator, attorney, trustee or guardian, please give full titles as such.
If a corporation, please sign in full corporate name by president or other
authorized officer. If a partnership, please sign in partnership name by
authorized persons.