Oil exploration in Puntland, Somalia

[GaadhHaye]

Faroole's visit to India has little to do with piracy; it has every thing to do with the rivers of the black gold running under the land masses of Puntland.

 

THE HINDU

And now, an offer of oil from Puntland

 

http://www.thehindu.com/news/national/article3426317.ece

 

Soomaalidiids plz do not forget to take sleeping bills tonight; just a sugestion....:cool:

[General Duke]

Great article.

[Somalia]

Horn Petroleum finds oil in Somalia well

 

Thu May 17, 2012 1:50pm GMT

 

(Reuters) - Horn Petroleum Corp confirmed the presence of oil at its Shabeel well in the Dharoor Valley basin of Somalia's Puntland.

 

"We are highly encouraged with these early results which indicate oil bearing sands in possibly two zones," CEO David Grellman said in a statement.

 

Horn Petroleum operates the Shabeel well. It holds a 60 percent working interest in the Dharoor and Nugaal blocks in the Puntland region in Somalia.

 

Puntland is a semi-autonomous region in the northeast part of Somalia. Booming oil exploration in waters off East Africa has led to speculation about the potential for finding oil offshore Somalia in the Horn of Africa.

 

Horn said the well encountered additional potential net pay sands -- which indicate the presence of oil or gas in commercial quantity -- in the Jurassic Adigrat formation.

 

Shares of the company, which has a market value of about C$123 million, closed at C$1.62 on Wednesday on the Toronto Venture Exchange.

[Che -Guevara]

cool

[Somalia]

Lol 'cool', what you really want to do is;

 

[Macallinka]

Nice one let the oil follow !

[Che -Guevara]

touche' my friend

 

I was thinking more of this

 

 

[MoonLight1]

 

this will be the fav head dress from now on.

[Dabrow]

Good news

[Qandalawi]

Thanks to Almighty God. A change of life, demeanor and psyche of the Somali people is on the horizon.

 

May Allah make this blessing prosperous and one which positively transforms the lives of our poor people. Amin

[Gheelle.T]

This is by far the best (positive) thing that have ever happened to us. May we benefit from it and not become a curse that puts us back.

[Dabrow]

Qandalawi;831209 wrote:

Thanks to Almighty God. A change of life, demeanor and psyche of the Somali people is on the horizon.

 

May Allah make this blessing prosperous and one which positively transforms the lives of our poor people. Amin

Well said!

[Wiil Cusub]

"We are highly encouraged with these early results which indicate oil bearing sands in possibly two zones," CEO David Grellman said in a statement.

 

.

Could you please explain other words

[ElPunto]

Would be nice if they provided a timetable for the release of hard data - July 1st maybe?

[Somalia]

Wiil Cusub;831287 wrote:

Could you please explain other words

I'll explain this to you.

 

1. Somaliland is not in the picture, never was in the picture and never will be in the picture.

2. Jealousy is a disease, seek help.