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Re: News Releases - Wednesday, May 21, 2008
COMPLETION UPDATE AT J. VELA #1 GAS WELL
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VANCOUVER, CANADA -- May 21, 2008 -- Horizon Industries Ltd. (Horizon)
(TSXV:HRZ), further to the Company's news release dated May 9, 2008, is
pleased to announce that Ventum Oil and Gas, LP (Ventum) of Houston,
Texas, the project operator, has advised that it is evaluating the J.
Vela #1 well to design a fracture treatment and to recommend a
completion plan. Ventum anticipates that the well will be fracced and
tested within 30 to 45 days.
Horizon has exercised its option to acquire a 3.125% working interest
in the well from Pan American Production Company and has paid its
proportionate share of completion costs of the well.
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
in 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) 2008 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 Wed May 21, 2008 at 3:31:11 PM Pacific Time
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