Horizon Industries Ltd.
TSX VENTURE : HRZ

Horizon Industries Ltd.

October 03, 2007 09:15 ET

Horizon Industries Ltd.: Next Well at New Waverly Underway

Sue Ann Browder #1 Re-Completion Commences

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 3, 2007) - Horizon Industries Ltd. (TSX VENTURE:HRZ), (Horizon), is pleased to announce the commencement of re-completion operations at the Sue Ann Browder #1 Well at the New Waverly Prospect located in San Jacinto County, Texas.

The operator, Pan American Production Company of Houston, Texas has informed the Company that re-entry and re-completion of the Sue Ann Browder #1 Well commenced yesterday. The Sue Ann Browder #1 is situated on the recently acquired Elliott Lease forming a part of the 3,460 acre New Waverly Prospect. Based on interpretation of logs, the objective is to test and develop the same formation found to be productive in the Company's recently completed and tied-in Hammond #1 Well (see the Company's news release of October 1, 2007). This is the second of up to forty-five proposed shallow wells being contemplated for the New Waverly Prospect.

The New Waverly Prospect comprises approximately 3,460 acres. Exploration potential exists in the Vicksburg/Jackson, Yegua, Cook Mountain, Wilcox, and Woodbine formations. Initial activity is focused on development of the shallower, lower risk Vicksburg/Jackson formations with a view to first establishing strong underlying production revenue and then proceeding to testing and developing higher impact prospective targets in the Yegua and Wilcox formations. Acquisition programs are underway to continue expanding the scope of this prospect.

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

Contact Information