Blue Horizon Industries Inc

November 25, 2011 09:15 ET

Blue Horizon Energy Plans Multi-Leg Horizontal Well On Normandville Assets

RED DEER, ALBERTA--(Marketwire - Nov. 25, 2011) - Blue Horizon Industries Inc. ("Blue Horizon" or the "Corporation) (CNSX:BH) announces that its wholly-owned subsidiary, Blue Horizon Energy Inc. ("Blue Horizon Energy" or "the Company"), has completed the analysis of the wellbore data and core samples obtained from the Company's previously announced three well strat drilling program conducted on its Normandville Oil Sands Property. The encouraging results from the analysis has resulted in the Company proceeding immediately with the planning of a horizontal multi-leg lateral well with the objective of demonstrating cold flow production.

Blue Horizon Energy owns a 50% work interest in the 14 sections comprising the Normandville Oil Sands Property where one well was cased and completed and the other two wells were drilled, cored and plugged for possible future re-entry as multi-leg horizontal wells. Based on the seismic and core evaluation as well as an extensive logging program, Blue Horizon Energy has now confirmed that there is a theoretical possibility for "cold flow production" to occur. The possibility for cold flow production is based on the majority of the viscosity and API values landing within range to allow cold flow production to occur through a horizontal wellbore. Cold flow production is dependent on in situ viscosity. Based on log analysis there is a differentiation of "extra heavy" and "visible heavy" oil. This represents a 50/50 split in the 105/16-19-79-22W5 strat well. The aggregate oil viscosity for the reservoir with "cold flow" potential had the majority ranging from 10000cP to 100000cP. These values, once in situ viscosity is confirmed, are analogous to other producing properties in the region which range from 50 to 100 bbl oil per day cold flow with horizontal wellbores. All three wells confirmed porosity values of 17 to 32% and gross pay intervals of 15 to 23 meters with the majority of the pay being continuous.

"Blue Horizon is motivated to move to the next stage of our Oil Sands Program", said Clint Melnechenko, Vice President of Operations, Blue Horizon Energy. "Our goal is to drill a multi-leg horizontal well to demonstrate cold flow production and commercial viability for our Normandville Oil Sands Property."

About Blue Horizon Industries Inc.

Blue Horizon Industries Inc. is a diversified industrial company with a four-fold strategic focus. The Corporation operates through three subsidiary companies; Blue Horizon Energy Inc. - 100% owned ("Blue Horizon Energy"), Blue Horizon Bio-Diesel Inc. - 100% owned ("BH Bio-Diesel") and Blue Horizon Mining Inc. - 74% owned ("BH Mining"). Blue Horizon Contracting ("BH Contracting") and BH Energy are wholly-owned divisions of Blue Horizon Energy. BH Contracting is currently bidding on dismantling contracts for execution in 2012, while BH Energy is exploring for oil and gas in Western Canada having participated in 4 test wells in 2011. BH Mining is advancing two mining projects in British Columbia and BH Bio-Diesel has an exclusive sub-license agreement to build green bio-diesel plants in Canada.

The shares of the parent company, Blue Horizon Industries Inc., are listed to trade on the Canadian National Stock Exchange ("CNSX") under the symbol BH.

Further information with respect to the Blue Horizon Group of Companies can be obtained by visiting: or by contacting the person listed below.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the Canadian National Stock Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian National Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Blue Horizon Industries Inc.
    Donald Allan
    President & CEO
    (403) 340-0864