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Re: News Releases - Thursday, October 11, 2007
COMPLETION OF SUE ANN BROWDER #1 WELL UNDERWAY
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VANCOUVER, CANADA -- October 11, 2007 -- Horizon Industries Ltd.
(TSXV:HRZ), (Horizon), in partnership with Pan American Production
Company (Pan American), is pleased to announce that it has completed
drilling, logging and casing of the Sue Ann Browder #1 Well at the New
Waverly prospect in San Jacinto County, Texas.
The well was re-entered and drilled to a total depth of 3,500 feet.
Interpretation of electric logs and sidewall cores shows several
prospective pay zones including those discovered in the recently placed
in production Hammond #1 Well located approximately 2,000 feet to the
West North West. Production casing has been set and perforation and
testing are anticipated to occur within approximately one week.
The New Waverly Prospect comprises approximately 3,460 acres.
Exploration potential exists in the Vicksburg/Jackson, Yegua, Cook
Mountain, Wilcox, and Woodbine formations. This is the second of
forty-five proposed shallow wells to develop the Vicksburg/Jackson
formations. Pad construction has been completed at the next two well
locations. Arrangements have made to move the rig onto the next well
location upon receipt of the drilling permit.
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 and is operator of the New
Waverly Prospect.
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"
Christopher Wensley, President
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this News Release. 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.
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Copyright (c) 2007 HORIZON INDUSTRIES LTD. (HRZ) All rights reserved.
For more information visit our website at
http://www.horizonindustriesltd.com/ or send
mailto:info@horizonindustriesltd.com
Message sent on Thu Oct 11, 2007 at 9:51:56 AM Pacific Time
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