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Re: News Releases - Tuesday, May 27, 2008
DRILLING OPERATIONS SCHEDULED TO BEGIN AT CITIES SERVICES WELL,
NEW WAVERLY PROSPECT, TEXAS
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VANCOUVER, CANADA -- May 27, 2008 -- Horizon Industries Ltd.
(TSXV:HRZ), (Horizon), in partnership with Pan American Production
Company (Pan American), announces that a work over rig has been
scheduled to move in and commence re-entry procedures at the Cities
Services well at the New Waverly Prospect in San Jacinto County, Texas.
The Cities Services well was drilled to a total depth of approximately
11,453 feet, produced from the Wilcox formation and was subsequently
abandoned at the end of its production life. Surface casing exists to
3,250 feet and extends over the target Jackson sands. The re-entry
procedure calls for drilling out of plugs, clean up of the well
followed by running a cased hole log and perforation and testing of
these zones. The work over rig is expected to arrive within the next
seven to ten days.
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.
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
in Texas, 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) 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 Tue May 27, 2008 at 6:46:32 AM Pacific Time
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