Wiil Cusub Posted May 18, 2012 Somalia;831291 wrote: I'll explain this to you. 2. Jealousy is a disease, seek help. I already seek help from u and u gave wrong explanation why about Somaliland maxaa halkan kaga xidhan?? bearing sands in possibly two zones is that better indication "oil seep on ground without 3 month drilling". Quote Share this post Link to post Share on other sites
uchi Posted May 18, 2012 They are still digging, so stay tuned~ just early indications atm. Quote Share this post Link to post Share on other sites
Somalia Posted May 18, 2012 Wiil Cusub;831295 wrote: I already seek help from u and u gave wrong explanation why about Somaliland maxaa halkan kaga xidhan?? bearing sands in possibly two zones is that better indication " oil seep on ground without 3 month drilling ". Instead of taking the high road like Xaaji Xunjuf, saying mashallah this is a good thing for the Somali people, you go and try to start arguments. The day when Xaaji Xunjuf is saying congratulations while possibly scratching his eyes out is a good day but you, a typical secessionist mentality, get the hell out of this thread. Waaba kaa naxay, people reading this just see the jealousy seeping through you. Only women have that kind of trait. Quote Share this post Link to post Share on other sites
BN Posted May 18, 2012 Hate to burst the bubble, but this is the latest on the drilling. Exploration in general is a long, drawn out process so it's best to wait it out final results (still pending and too early to call). Let's not put all of our eggs in this basket. ************ Horn Petroleum, Africa Oil, Suffer Losses after Lackluster Somalia Report Horn Petroleum (HRN.V) is down more than 46%, to 87 cents, on volume 3.55 million shares. The company, today provided an update on the drilling program in Puntland, Somalia. The Shabeel well has reached a total depth of 3,470 meters and has encountered metamorphic basement at a depth of 3,430 meters and is currently being suspended for future testing. The well has encountered additional potential net pay sands in the Jurassic Adigrat Formation at a depth of 3,246 to 3,430 meters, several of which exhibited oil and gas shows. Petrophysical analysis of the well log data indicates up to 3 meters of potential hydrocarbon pay in several thin sand units, Africa Oil said. They are not considered to warrant testing at this time, but do further confirm the existence of a working petroleum system. The Shabeel well is operated by Horn Petroleum Corp (HRN.V). Africa Oil holds a 51% equity interest in Horn Petroleum which in turn holds a 60% working interest in the Dharoor and Nugaal permits in Somalia. The other partners in the blocks include Range Resources (20%) and Red Emperor (20%). AOI is now at $6.60, down 9.6%, on volume 2.3 million. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Read more: http://community.nasdaq.com/News/2012-05/update-horn-petroleum-africa-oil-suffer-losses-after-lackluster-somalia-report.aspx?storyid=142139#ixzz1vBAMFnIw Quote Share this post Link to post Share on other sites
Wiil Cusub Posted May 18, 2012 Intaan rabay waan helay kol haddii aad cadayn kari wayday waxa ay afrtaa eray ka dhiganyahiin. iska wado sheekadaada kaaga baxay xerada faanka. Quote Share this post Link to post Share on other sites
kingofkings Posted May 18, 2012 Somalia;831299 wrote: Instead of taking the high road like Xaaji Xunjuf, saying mashallah this is a good thing for the Somali people, you go and try to start arguments. The day when Xaaji Xunjuf is saying congratulations while possibly scratching his eyes out is a good day but you, a typical secessionist mentality, get the hell out of this thread. Waaba kaa naxay, people reading this just see the jealousy seeping through you. Only women have that kind of trait. ouch Quote Share this post Link to post Share on other sites
oba hiloowlow Posted May 18, 2012 Mashallah great progress Imagine somalia after 15 years.The future is bright walee Quote Share this post Link to post Share on other sites
MoonLight1 Posted May 18, 2012 digging 3 and half KMs down earth is not an easy task, thats the length of Berbera airport runway. lets just wait and see. Quote Share this post Link to post Share on other sites
Che -Guevara Posted May 18, 2012 MAY 17, 2012 - 08:00 ET Africa Oil Provides Update on Puntland Drilling View News Release in PDF Format VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 17, 2012) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to provide an update on the drilling program in Puntland, Somalia. The Shabeel well has reached a total depth of 3,470 meters and has encountered metamorphic basement at a depth of 3,430 meters and is currently being suspended for future testing. In addition to the previously announced 12 to 20 meter zone of significant hydrocarbon pay in the Upper Cretaceous Jesomma Formation, the well has encountered additional potential net pay sands in the Jurassic Adigrat Formation at a depth of 3,246 to 3,430 meters, several of which exhibited oil and gas shows. Petrophysical analysis of the well log data indicates up to 3 meters of potential hydrocarbon pay in several thin sand units. They are not considered to warrant testing at this time, but do further confirm the existence of a working petroleum system. The rig will now move to the Shabeel North location which is 3.5 kilometers north of the current location. The primary objective of this well will be to evaluate the Upper Cretaceous Jesomma Sands which appear to be oil bearing at the Shabeel location. Subsequent to the drilling of this well, it is the intention of the Company to return to the Shabeel well and test the Jesomma sands once the necessary testing equipment has been mobilized into the country. Keith Hill, President and CEO of Africa Oil, commented, "We are very encouraged by the results of the Shabeel well which appears to have confirmed oil bearing sands in two zones. This has very positive implications for the prospectivity of the basin. We look forward to the results of the Shabeel North well and to testing the Jesomma sands to confirm the potential of the block." The Shabeel well is operated by Horn Petroleum Corp. ("Horn Petroleum"). Africa Oil holds a 51% equity interest in Horn Petroleum which in turn holds a 60% working interest in the Dharoor and Nugaal permits in Somalia. The other partners in the blocks include Range Resources (20%) and Red Emperor (20%). Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Mali as well as Puntland (Somalia) through its 51% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 300,000 square kilometers. 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 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 and on First North at NASDAQ OMX-Stockholm under the symbol "AOI". ON BEHALF OF THE BOARD Keith C. Hill, President and CEO Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto Öhman AB. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Africa Oil Corp. Sophia Shane Corporate Development (604) 689-7842 (604) 689-4250 (FAX) africaoilcorp@namdo.com www.africaoilcorp.com Quote Share this post Link to post Share on other sites
xiimaaya Posted May 18, 2012 :( im sorry but i saw this coming... They have found the oil but they were told not annouce by (uncle sam) Quote Share this post Link to post Share on other sites
Che -Guevara Posted May 18, 2012 xiimaaya;831353 wrote: . They have found the oil but they were told not annouce by (uncle sam) conspiracy theories are not healthy. Quote Share this post Link to post Share on other sites
xiimaaya Posted May 18, 2012 how could range make two announcement in span of 14hrs? Quote Share this post Link to post Share on other sites
Che -Guevara Posted May 18, 2012 The two reports are consistent in that they both said there was presence of hydrocarbons but no viable discovery.. Besides, why would the company risk price fluctuations? Quote Share this post Link to post Share on other sites
xiimaaya Posted May 18, 2012 "i guess you cant marry reer waqoy chick and you are no oil sheik. "SOMALIA I KNOW OIL SHEIKS I HAVE SEEN OIL SHEIKS I WAS FRIENDS WITH OIL SHIEKS, BUT YOU MY FRIEND ARE NO OIL SHEIK" Quote Share this post Link to post Share on other sites
