EXHIBIT 99.2
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Saba Petroleum Company
0000 Xxxxxxx Xxxxx, Xxxxx 000
Xxxxx Xxxxx, Xxxxxxxxxx 00000
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PROXY
FOR THE SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD MARCH 19, 1999
THIS PROXY IS SOLICITED ON BEHALF OF THE Board of directors OF
SABA PETROLEUM COMPANY
The undersigned hereby appoints Xxxxx X. Xxxxxx, Secretary of
Saba Petroleum Company, a Delaware corporation ("Saba"), with full
power of substitution, the proxy of the undersigned to represent and vote, as
designated below, all shares of Saba Petroleum Company ("Saba") common
stock, $.001 par value per share ("Saba Common Stock"), standing in the
name of the undersigned with the powers the undersigned would possess if
personally present at the Special Meeting of the Shareholders of Saba to
be held on March 19, 1999 at 2:00 p.m. local time at Saba's principal
executive offices at 0000 Xxxxxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxx,
Xxxxxxxxxx, and at any reconvened meeting after any adjournment or
postponement thereof.
1. To approve the Agreement and Plan of Merger dated December 18,
1998 (the "Merger agreement"), among Horizontal Ventures, Inc., a Colorado
corporation ("Horizontal Ventures"), Horizontal Ventures Acquisition
Corporation (a wholly owned subsidiary of Horizontal Ventures), and Saba, by
which Merger Agreement the shares of Saba common stock which are issued
and outstanding immediately before the closing of the Merger Agreement,
other than shares owned by Horizontal Ventures, will be exchanged for shares
of Horizontal Ventures common stock to be issued based on an exchange ratio
of one share of Horizontal Ventures common stock for each six shares of Saba
common stock.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
The Saba board of directors recommends that you vote "FOR" approval of
the Merger agreement
2. 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" APPROVAL OF THE
Merger agreement.
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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.
