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 FEBRUARY 5, 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 February 5, 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 ("HVI"), HVI Acquisition Corporation (a wholly owned
subsidiary of HVI), and Saba, pursuant to 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 HVI, will be exchanged for shares of HVI common stock
to be issued based on an exchange ratio of one share of HVI 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 OV 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.