Horizon Industries Ltd.

Horizon Industries Ltd.

November 14, 2005 13:13 ET

Horizon Industries Ltd.: Completion Underway on Stewart #1 Well

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2005) - Christopher Wensley, President of Horizon Industries Ltd. (TSX VENTURE:HRZ), an emerging oil and gas exploration and development company, announces that drilling of the Stewart #1 well at the Stewart East Prospect was completed on Saturday November 12. Logs and side wall core samples were taken over the balance of the weekend. As a result of the data, the Company has elected to proceed with completion operations.

The logs indicate four potential pay zones totaling 91 feet of gross sands with the best zone being 40 feet in the Middle Yegua formation. The Company anticipates initial production to come from the Middle Yegua zone. Core samples indicate highly laminated sands with good porosity and permeability and the well appears consistent with typical wells within the Jobar field where initial production has been in the range of 1.5 million to 1.7 million cubic feet per day. The Company has been informed that a workover rig will arrive to commence flow testing within the next 10 to 14 days.

The 272 acre Stewart East Property is located in Goliad County, Texas within the Jobar field. In late 1997, Edge Petroleum discovered the Jobar field, with production from the middle Yegua formation between 5300 and 5500 feet. There are 9 wells in the field which have produced to date a cumulative 5.894 Bcf (billion cubic feet) of gas, an average of 655Mmcf (million cubic feet) per well. The field appears to be a series of isolated bar deposits trending in a north east/south west direction. The field was discovered using 2D seismic amplitude analysis. The well will test an amplitude anomaly based on Horizon's 3D seismic program conducted over the property.

The Company holds a 30% working interest in the Stewart prospect comprised of the Stewart East and the Stewart West properties covering approximately 544 contiguous acres. The property has the capacity to host up to seven wells including several wells to test and develop the Wilcox formation.

About 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. The Company is currently developing strategic alliances in high impact oil and gas plays in Western Canada. For more information, please visit www.horizonindustriesltd.com.

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