Horn Petroleum to Deepen Shabeel North Well

Horn Petroleum Corporation ("Horn Petroleum" or the "Corporation") (TSX
VENTURE:HRN) provides the following update on the Shabeel North well in
Puntland, Somalia. 


Further to the recent announcement on the testing of the upper Jesomma sand
reservoir which yielded fresh water, the well continued drilling through the
entire Jesomma reservoir section and had reached a depth of 2200 meters. The
section contained several additional sands with oil and gas shows and a full set
of electrical logs was run to determine if these sands contained potential oil
zones which would warrant further testing. The analysis of these logs indicate
that the most prospective looking zone in the well was the upper Jesomma sand
interval that had already been confirmed by testing to contain fresh water and
thus no further testing could be justified. 


Based on the positive evidence of oil shows and the presence of good quality
reservoir in the Jesomma, the partnership has decided to deepen the well in
order to evaluate the potential of the Lower Cretaceous and Jurassic sections.
The current revised total depth will be approximately 3400 meters and is
expected to take an additional 15 to 20 days to reach that depth. The Jurassic
section in the nearby Shabeel well had thin reservoir sands with oil and gas
shows, but this section was determined to be not thick enough to warrant
testing. These sands are expected to thicken basinward towards Shabeel North.
There was also evidence that there may have been faulting in the well which
could have cut out a significant portion of the basal reservoir section, which
is not expected in Shabeel North. 


Horn President and CEO David Grellman stated, "While we are obviously
disappointed that the Jesomma sands tested wet, the overall results of the two
wells drilled during this campaign are quite encouraging in the long term
prospects for oil potential of the basin. We have confirmed a working petroleum
system, good quality reservoirs and thick impermeable sealing rocks. The two
Jesomma structures drilled to date appear, subject to final petrophysical
analysis, to have issues with the integrity of the trapping mechanism. We are
still hopeful that the lower zones in the Shabeel North well may have favorable
trapping geometries against the deeper thick carbonate and anhydrite sections
seen in the original Shabeel well."


The well is being operated by Horn Petroleum which holds a 60% working interest
in the Dharoor and Nugaal Valley Production Sharing Agreements ("PSA's") along
with working interest partners Range Resources (20%) and Red Emperor (20%).
Africa Oil Corp. holds an equity interest in Horn Petroleum of approximately
45%. 


Horn Petroleum Corporation is a Canadian oil and gas company with assets in
Puntland, Somalia. The Corporation holds a 60% interest and operatorship in the
Dharoor and Nugaal blocks encompassing a Jurassic Rift Basin on trend and
analogous to the large oil fields in Yemen. The Corporation's shares are listed
on the TSX Venture Exchange under the symbol "HRN".


ON BEHALF OF THE BOARD

David Grellman, President and CEO

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking
information. These statements relate to future events or future performance. The
use of any of the words "will", "expected" and similar expressions and
statements relating to matters that are not historical facts are intended to
identify forward looking information and are based on the Company's current
belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. Various assumptions or factors are
typically applied in drawing conclusions or making the forecasts or projections
set out in forward-looking information. Those assumptions and factors are based
on information currently available to the Company. The forward-looking
information contained in this release is made as of the date hereof and the
Company is not obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as
required by applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any
forward-looking information contained herein.