Horizon Industries Company News

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Horizon Puts Funk in the Frio, Resumes Production in Texas
Tuesday, February 19, 2008The Company completed review and evaluation of logs and well records and elected to proceed to the next prospective pay zone extending from a depth of 3,122 feet to 3,131 feet in the Frio formation.

Horizon and Pan America Add Acreage to New Waverly Prospect
Friday, October 26, 2007Horizon and Pan America has added 712 acres to the New Waverly Prospect located in San Jacinto County, Texas.

New Well in New Waverly Completed
Thursday, October 11, 2007Horizon Industries, in partnership with Pan American, has completed drilling, logging and casing of the Sue Ann Browder #1 Well at the New Waverly prospect in San Jacinto County, Texas.

Horizon Increases Stake in the New Waverly Prospect
Thursday, August 23, 2007Horizon Industries has completed its acquisition of a 37.5% Working Interest ("WI") in additional acreage comprising approximately 2,700 acres at the New Waverly Prospect in San Jacinto County, Texas.

Horizon Acquires Stake in SE Texas Prospect
Wednesday, May 16, 2007Horizon Industries Ltd. has entered into a joint venture agreement to participate with Pan American Development Company, Inc., in a drilling program in San Jacinto County, Texas, approximately 50 miles north of Houston.

Horizon Hits Pay at Funk #2
Wednesday, January 10, 2007Horizon Industries Ltd. said that drilling, logging and core sampling of the Funk #2 well in Goliad County, Texas are now complete. 4 1/2 inch production casing has been set to a depth of 6,050 feet.

Horizon Reaches First Gas with Funk
Wednesday, December 06, 2006Horizon Industries Ltd. said that the Funk #3 well has been put to gas sales.

Horizon Completes Flow Tests on Funk #1
Wednesday, September 20, 2006Horizon says the results from the Funk #1 well greatly exceeded our expectations. The company is now proceeding to begin drilling its next well on the prospect.

Horizon to Flow Test Funk #1 Next Week
Friday, August 18, 2006Horizon Industries Ltd. said Friday that flow testing of the Horizon Funk #1 Well in Goliad County, Texas, is set to proceed early next week.

Horizon Opts to Complete Funk #1
Wednesday, August 09, 2006Horizon Industries Ltd. said that it has received downhole logs from its Funk #1 Well in Goliad County, Texas. Based upon the interpretation of the logs and advice from its technical advisors, the company has elected to proceed with completion.

Horizon Reports Positive Flow Test Results at Funk Prospect
Monday, July 10, 2006Horizon Industries Ltd. said that it has completed a preliminary evaluation of two shut-in wells on its 400-acre Funk Prospect in Goliad County, Texas. Horizon holds a 100% interest in both wells.

Horizon: 3D Seismic Reveals Numerous Targets on Funk Lease
Friday, July 07, 2006Horizon Industries Ltd. said that it has completed a preliminary evaluation of 3D seismic data on its 100% working interest in the 400-acre Funk Prospect in Goliad County, Texas.

Horizon Reworks Funk Wells
Thursday, June 22, 2006Horizon Industries Ltd. has commenced reworking of shut-in gas wells on its 100% working interest in the 400 acre Funk Prospect in Goliad County, Texas.

Horizon Industries Continues Testing on Manahuilla Prospect
Wednesday, August 18, 2004Horizon Industries updates the operations status of the BB Gayle #1 well located on the Manahuilla Creek Prospect in Goliad County, Texas.