General Duke Posted August 13, 2010 The Nugaal and Dharoor Blocks are located in the Nugaal and Darin Mesozoic basins in northern Somalia. The Mesozoic basins are interpreted to be extensions of the Marib-Shawba and Sayun-Masila Basins of Yemen. Prior to the opening of the Gulf of Aden in the Oligocene-Miocene, these areas were contiguous and similar sedimentary sequences and structural styles are likely. Quote Share this post Link to post Share on other sites
General Duke Posted August 13, 2010 Exploration Drilling The Company has completed a comprehensive interpretation of newly acquired 2D seismic data over the Dharoor Block in Puntland (Somalia). Several large prospects have been identified. Africa Oil and its joint venture partners have agreed to initially drill one prospect in Dharoor. The well is expected to commence drilling before the end of 2010. The Company holds a 65% working interest in this project. The Company has completed a re-interpretation of the existing 2D seismic data over the Nugaal Block in Puntland (Somalia). Several large prospects have been identified. Africa Oil and its joint venture partners are in discussion regarding drilling plans for 2010-2011. The Company holds a 65% working interest in this project. Additional drilling activity in the Kenya Blocks and the Ethiopian Blocks will await completion of seismic acquisition, processing, and interpretation. Seismic Program Quote Share this post Link to post Share on other sites
General Duke Posted August 13, 2010 Seismic Program In the Nugaal Block in Puntland, Somalia, AOC acquired more than 4,000 kilometers of existing good quality 2D data which was recorded in the late 1980's. This has enabled the Company to work up an inventory of drilling prospects from which the first exploration well locations will be selected. During 2008, in the Dharoor Block of Puntland, Somalia, the acquisition of 782 kilometers of good quality 2D seismic (comprised of 15 grid lines) was completed. The Company has combined 555 kilometers of previously acquired data into the seismic database and is currently being mapped to finalize exploration well locations. The Company is currently planning to commence drilling of one exploration well in the Dharoor Block before the end of 2010. Quote Share this post Link to post Share on other sites
General Duke Posted August 18, 2010 Range Annual Report Secessiionists have one main fear, and it will be realised in due time inshaAllah. Quote Share this post Link to post Share on other sites
General Duke Posted August 18, 2010 Africa Oil and Alberta Oilsands Secure Government Consent for Assignment of Blocks 12A and 13T in Kenya VANCOUVER, BRITISH COLUMBIA, Aug 18, 2010 (MARKETWIRE via COMTEX) -- Africa Oil The About Africa Oil Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and (Puntland) Somalia. Africa Oil's East African holdings are in what is considered a truly world-class exploration play fairway. Africa Oil's total gross land package in this prolific region is approaching 250,000 square kilometers - an area roughly the size of Great Britain. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Tullow Albert Graben oil discovery in neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's concessions have older wells, a legacy database, and host numerous oil seeps indicating a proven petroleum system. Good quality existing seismic show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange under the symbol "AOI". About AOS Alberta Oilsands Inc. is a technically driven high growth energy company focused on the development and conversion of the company's oil sands resources to reserves and the creation of long term sustainable value by increasing production and cash flow on relevant conventional oil and natural gas assets. Forward-Looking Statements and Information This press release contains certain forward-looking statements and information within the meaning of such statements under applicable securities law. In particular, this news release contains forward-looking statements and information with respect to the ability of Platform and Africa Oil to complete the assignment of Platform's interests in Blocks 12A and 13T in Kenya to Africa Oil, on the timelines and in the manner as described above. No assurances can be provided that the assignment will be completed in a timely manner or at all. Due to the risks, uncertainties and assumptions inherent in forward-looking statements and information, prospective investors in Africa Oil's or AOS' securities should not place undue reliance on forward-looking statements and information. Quote Share this post Link to post Share on other sites
General Duke Posted August 18, 2010 Independent.co.uk Range Resources is Somalia-bound Somalia is rarely out of the news, and usually for all the wrong reasons. But that has not stopped a number of Aim-listed companies from looking at the country as an investment opportunity. Of course, there is no functioning national government and it is a society plagued by terrorism, so operating in Somalia has untold difficulties. But that has not discouraged Range Resources from investing significantly there. The Aim-listed oil and gas-exploration group has a predilection for looking for natural resources in dangerous places. It is, along with its joint-venture partner, Africa Oil, set to announce a new drilling campaign in Puntland, the country's north-eastern region. It also has assets in Georgia, which was at war with Russia a couple of years ago, so the group is nothing if not adventurous. It claims that Puntland is generally safer than the rest of the country, despite the region's ports being used to launch most of the pirate activity which attracts so much attention. News of the drilling programme in Puntland could come as early as this week, after earlier this month Range raised A$10m (£5.8m) from an equity placing. Last week, the group also exercised a number of options to raise a further A$1.5m (£900,000) in funds. A proportion of the cash will also be used to fund a drilling programme in Trinidad, where the group recently acquired an asset. It has also benefited from the revenues it makes from its producing assets in Texas. Having secured and stabilised its financial support, Range Resources is proposing to target and spud its first well in the fourth quarter. This opens multi-billion barrel prospects which should add an estimated 8.3p to each share, according to the company's London broker, Old Park Lane Capital. Barney Gray, head of research at Old Park Lane Capital, said: "The recent addition of Trinidad to its portfolio will strengthen Range Resources' production and reserve base and is likely to underpin the current share price further." Quote Share this post Link to post Share on other sites
Peace Action Posted August 18, 2010 News of the drilling programme in Puntland could come as early as this week, after earlier this month Range raised A$10m (£5.8m) from an equity placing. Last week, the group also exercised a number of options to raise a further A$1.5m (£900,000) in funds. The fact that investors are willing to buy shares to prospect oil in Puntland is no laughing matter. Let us hope for success from The Almighty so that Somalis stop fighting over meager resources. Quote Share this post Link to post Share on other sites
General Duke Posted August 18, 2010 Some, fellow Somali's fear this coming moment more than anything else. InshaAllah the people of peace will prevail.. Quote Share this post Link to post Share on other sites
Thankful Posted August 18, 2010 There are certain things that get Oodweyne's, blood boiling. One of those things is any positive news coming out of Puntland. When news concerning development of this nature is announced, it means that Puntland is not like the South and that it does have relative peace. For secessionists that is news they can't hear, because part of their agenda is to say "we are different then them, see we are peaceful." Oodweyne, since you are so interested and opinionated about Puntland Oil Deal, maybe we can hire you as a consultant. Quote Share this post Link to post Share on other sites
General Duke Posted August 18, 2010 ^^^Oodweyne will have a heart attack when the drilling starts. He even mentioned the security sweep in Galgala as pretext for stop the deal. The secessionist big wig for all his talk does not undertsand that this is about money, and a great deal of money. Quote Share this post Link to post Share on other sites
