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Re:   News Releases - Tuesday, March 10, 2009
      HAMMOND # 1 WELL WORKOVER TO BEGIN
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VANCOUVER, British Columbia -- March 10, 2009   -- PETRO HORIZON ENERGY
CORP. (TSXV.PHE), is pleased to announce that the scheduled work over
of the Hammond #1 Well at the New Waverly Prospect in San Jacinto
County, Texas is getting underway.

The Company has been informed by the operator, SK & Company LLC of
Dallas, Texas, that the drilling contractor, Key Energy Services, is
moving a service rig on location, rigging up and commencing operations
tomorrow, March 11, 2009. 

The Hammond #1 Well was drilled in June 2007 to a total depth of 3,200
feet.  Logs indicated several prospective zones with the primary and
secondary targets being the 1st and 2nd Jackson sands. The well was
initially completed and placed in production from the 2nd Jackson sands
at approximately 3,000 feet.  The well was flow tested on a 6/64ths
choke, an 8/64ths choke and a 10/64ths choke. The well flowed at stable
rates of 264 MCF, 461 MCF and 611 MCF dry gas per day respectively with
stabilized flowing tubing pressures of 1,135 PSI, 1,120 PSI and 1,080
PSI respectively.  The well produced from the 2nd Jackson sands from
September 2007 until it was shut-in in October 2008.  The well is being
re-entered for servicing and to perform a completion in the 1st Jackson
sands at approximately 2,800 feet, the primary target in this well.

The New Waverly prospect currently comprises approximately 4,200 gross
acres. Exploration potential exists in the Vicksburg/Jackson, Yegua,
Cook Mountain, Wilcox, and Woodbine formations.  Up to fifty-two
shallow wells are proposed to develop the Vicksburg/Jackson formations.
 

Horizon holds a 25% working interest in the initial 400 acre phase of
the prospect where the Hammond #1 well is situated, and holds a 37.5%
working interest in the balance of the prospect. Further wells are
currently being planned for New Waverly.  Drilling schedules will be
announced as they are formalized.

About SK & Company

SK & Company is the operations arm of Dallas, Texas based SK & Co. Oil
& Gas Partners, an oil and gas syndicated fund entity which holds a
major working interest in New Waverly.  SK & Company has recently
opened new premises in Houston, Texas from which a team of qualified,
dedicated experts will be utilized to manage drilling, development and
further exploration of the New Waverly Prospect.


Petro Horizon Energy Corp.

Petro Horizon Energy Corp. 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

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Copyright (c) 2009 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 Tue Mar 10, 2009 at 12:41:43 PM Pacific Time
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