Horizon Industries Ltd.
TSX VENTURE : HRZ

Horizon Industries Ltd.

October 01, 2007 14:47 ET

Horizon Industries Ltd.: Hammond #1 Well in Production-Drilling Rig on Location for Next Well at New Waverly

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2007) - Horizon Industries Ltd. (TSX VENTURE:HRZ) is pleased to release independent four point flow test results and announce commencement of production to sales at the Hammond #1 Well, New Waverly, San Jacinto County, Texas.

Four feet of perforations were shot in the secondary target zone of the Hammond #1 well which was independently flow tested by Fesco Petroleum Engineers on September 5, 2007. The well was tested against static line pressure of 820 psi. The well flow tested at stabilized rates of 558 MCF per day with flowing tubing pressure (ftp) of 1,140 psi on a 10/64ths choke, 496 MCF per day with ftp of 1,130 psi on a 9/64ths choke, 438 MCF per day with ftp of 1,139 psi on an 8/64ths choke and 284 MCF per day with ftp of 1,162 psi on a 7/64ths choke. The well was tied in to sales and commenced production on Friday, September 28 at initial rates exceeding 300 MCF per day. Stabilized production rates will be announced once established.

The Company also announces that a drilling rig has moved on location at the next site, the Sue Ann Browder #1 well. This re-entry prospect is located on the recently acquired Elliot lease announced in the Company's news release of September 18, 2007. The well is expected to be spudded within the next day or two. Furthermore, pad construction has been completed at the next two subsequent well locations which are scheduled to follow the Sue Ann Browder #1 re-entry.

The Company holds a 37.5% working interest in this phase of the New Waverly Prospect currently comprising approximately 3,460 acres. Exploration potential exists in the Vicksburg/Jackson, Yegua, Cook Mountain, Wilcox, and Woodbine formations. Focus is currently centered on the shallow, lower risk Vicksburg/Jackson formations where up to 45 wells are proposed.

Pan American Production Company, Inc.

Pan American is an oil and gas production company specializing in low risk oil and gas prospects where opportunity exists to generate high return through production enhancement and application of exploration techniques. Pan American currently holds production and prospects covering approximately 30,000 acres in Texas.

Horizon Industries Ltd.

Horizon Industries Ltd. is an emerging oil and gas exploration and production company building a high quality asset base in focused areas throughout the United States. For more information, please visit www.horizonindustriesltd.com.

On Behalf of the board of directors,

Christopher Wensley, President

WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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