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Re: News Releases - Monday, January 19, 2009
OPERATIONS SET TO RESUME UNDER NEW OPERATOR AT NEW WAVERLY
PROSPECT
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VANCOUVER, British Columbia -- January 19, 2009 -- Horizon Industries
Ltd. (TSXV:HRZ), is pleased to announce the appointment of a successor
Operator at the New Waverly prospect located in San Jacinto County,
Texas.
SK & Company of Dallas, Texas has replaced Pan American Production Co.
of Houston, Texas as operator of the New Waverly Prospect effective
January 1, 2009. SK and Horizon have agreed upon the formation of a
Joint Operating Committee which will meet quarterly to review
operations and set drilling and development schedules. Scheduling of
certain operations and drilling which had been in abeyance, is now
proceeding. Further information concerning the timing and nature of
these initial operations is expected within the next week.
Horizon looks forward to working together with SK & Company and we are
excited about the opportunity to move forward on the New Waverly
prospect in a proactive and diligent manner.
The New Waverly Prospect comprises approximately 4,200 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.
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.
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 Venture Exchange 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) 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 Mon Jan 19, 2009 at 11:17:51 AM Pacific Time
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Petro Horizon Energy Corp.
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EXPLORATION STAGE |
CODE : PHE.V |
ISIN : CA7164501016 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Petro Horizon Energy is a and oil exploration company based in Canada. Its main exploration properties are NEW WAVERLY PROSPECT and FUNK PROSPECT in USA. Petro Horizon Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 2.0 millions, € 1.6 millions). Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on March 19, 2010 at CA$ 0.48. Petro Horizon Energy has 6 504 000 shares outstanding. |