Horizon Industries Ltd.

Horizon Industries Ltd.

September 05, 2007 11:27 ET

Horizon Industries Ltd.: Operations at Funk Prospect Resume-#2 Well Put on Line to Sales

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - Horizon Industries Ltd. (Horizon) (TSX VENTURE:HRZ), is pleased to announce that the Funk #2 Well at the Funk Prospect in Goliad County, Texas is now on line and selling gas.

A service rig was moved on location on August 27, 2007 to perforate and test the first of several well defined pay zones in the Frio formation which were logged in the Funk #2 Well at the beginning of the year. Operations were suspended in the Cook Mountain and Yegua formations due to mechanical concerns and the decision was made to proceed to the shallower Frio formation to achieve production while further evaluation and work in the deeper zones is put in abeyance. Record rainfalls and unusually wet ground conditions had prevented the deployment of a rig to the Funk Prospect until last week when a window in the weather appeared.

The Funk #2 well was perforated from 3,212 to 3,215 feet on Tuesday August 28. The well was later put to sales on a 9/64ths choke and currently has a stable flow rate of approximately 250 MCF per day and flowing tubing pressure of 1,100 psi. The Funk #2 has already produced over 1MMCF since being put to sales late last week.

Horizon Industries Ltd. currently holds a 54% working interest in the Funk Prospect.

Funk Prospect

The Funk Prospect is located in the G. Barrera survey A-2 in Goliad County and comprises approximately 500 acres. The Funk Prospect is situated in the prolific Middle Yegua gas trend, a formation that has produced gas and condensate in the nearby Maetze Yegua, Perdido Creek and Jobar fields.

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.

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