Timur Posted February 23, 2012 Horn Petroleum, the single largest stakeholder in the Dharoor and Nugaal basin exploration process, is due to release an official update statement on progress at the Puntland well sites in the coming few days according to a contact in the northern Bari region of Somalia. Our contact works in Dubai, which many consider to be the second headquarters of the Puntland oil project, and he frequently travels to Somalia’s Puntland region to look over his personal enterprises. He’s stated that the official update will be due around the time of the London conference tomorrow, and that the information is already prepared by the exploration team, however it may be delayed due to politically-related timing. The announcement, he said, even if not directly on the subject of a serious discovery of hydrocarbons, will allude to related themes. Hirsi Fiqi, Editor DissidentNation.com This is gonna be a great week. Quote Share this post Link to post Share on other sites
General Duke Posted February 23, 2012 Thank you for the update! Quote Share this post Link to post Share on other sites
Timur Posted February 23, 2012 General Duke;793090 wrote: Thank you for the update! Not yet, just wait some hours and the big folks in the suits will let us all know. Quote Share this post Link to post Share on other sites
General Duke Posted February 23, 2012 I am travelling today. Thus would be fantastic to hear some positive news from this project.. I feel good already. Quote Share this post Link to post Share on other sites
Timur Posted February 23, 2012 Damn, we already got an update from Range Official Update on Puntland Range Resources Limited (“Range” or “the Company”) would like to announce an update on the drilling of the Shabeel-1 exploration well in the Dharoor Valley Block in onshore Puntland. The Shabeel-1 exploration well spudded on January 17, 2012 and is currently at a depth of 1,230 meters. Casing has been set in the well to a depth of 1,139m and drilling of the 12 ¼ inch section continues as planned. Drilling of the Shabeel-1 well is expected to be completed before the end of March and testing equipment is currently being mobilized to the site. Assuming successful drilling results, it is anticipated that testing results will be available early in the second quarter of 2012. Upon completion of drilling the Shabeel-1 well, the rig will move to the Shabeel North-1 well, where 30 inch conductor pipe is in place and a 50 meter pilot hole has already been drilled. These two wells represent the first exploration wells to be drilled in the country in over 20 years and will satisfy the first exploration period drilling commitments as required under the Production Sharing Contracts for both the Dharoor and Nugaal Blocks. In order to provide sufficient time to evaluate drilling results, the Puntland Government has granted an extension of the first exploration period expiry date 17 October 2012. The Puntland Government and Dharoor Valley communities are fully supportive of the drilling project and have ensured the Company that they will do all necessary to allow the project to move forward safely and expeditiously. From Update at RangeResources.com.au Hirsi Fiqi, Editor DissidentNation.com http://www.rangeresources.com.au/fileadmin/user_upload/asx/OperationsUpdateandAppendix3b230212.pdf Quote Share this post Link to post Share on other sites
kingofkings Posted February 23, 2012 General Duke;793090 wrote: Thank you for the update! i second that. Thanks. Quote Share this post Link to post Share on other sites
Gaashaan Posted February 23, 2012 Timur;793087 wrote: This is gonna be a great week. here are some updated about the oil in Puntland ,,,,,,,,,,,,,,,,, http://www.redemperorresources.com/IRM/Company/ShowPage.aspx/PDFs/1231-90611151/OperationsUpdate check it out,,,,,and other update coming soon. ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000 By E‐Lodgement Puntland Update Red Emperor Resources NL (ASX | AIM : RMP) along with its Joint Venture partner Range Resources Limited (ASX: RRS | AIM: RRL) and operator, Horn Petroleum (TSXV: HRN) is pleased to provide the following update with respect to its Puntland operations. The Shabeel‐1 exploration well spudded on January 17, 2012 and is currently at a depth of 1,230 meters of a total planned maximum depth of 3,800 meters. Casing has been set in the well to a depth of 1,139 meters and drilling of the 12 ¼ inch section continues as planned. Drilling of the Shabeel‐1 well is expected to be completed during the first quarter of 2012 and testing equipment is currently being mobilised to the site. Assuming successful drilling results, it is anticipated that testing results will be available early in the second quarter of 2012. Upon completion of drilling the Shabeel‐1 well, the rig will move to the Shabeel North‐1 well, where 30 inch conductor pipe is in place and a 50‐meter pilot hole was drilled. Red Emperor has an option over participating in the second well. These two wells represent the first oil exploration wells to be drilled in the country in over 20 years and will satisfy the first exploration period drilling commitments as required under the Production Sharing Contracts for both the Dharoor and Nugaal Blocks. In order to provide for sufficient time to evaluate drilling results, the Puntland Government has granted an extension of the first exploration period expiry date to October 17, 2012. The Puntland Government and Dharoor Valley communities are fully supportive of the drilling project and have assured the operator that they will do all necessary to allow the project to move forward safely and expeditiously. Quote Share this post Link to post Share on other sites
uchi Posted February 23, 2012 Nothing new, they were meant to drill the nugaal blocks as well, not sure what the hold up is~ Quote Share this post Link to post Share on other sites
faarah22 Posted February 23, 2012 where is this oil horta ?? coming soon bay ku hayaan. i wanna some cash first otherwise this like that somailand passport. Quote Share this post Link to post Share on other sites
Timur Posted February 23, 2012 faarah22;793164 wrote: where is this oil horta ?? coming soon bay ku hayaan. i wanna some cash first otherwise this like that somailand passport. No offense but no one cares what you think, go busy yourself with something else. Kulahaa "i wanna some cash first" - learn English before you ask anyone for money. Quote Share this post Link to post Share on other sites
faarah22 Posted February 23, 2012 it was a typo fool, i meant to say where is the cash ? i.e the result of this venture. of course i wasn't asking money for me. Quote Share this post Link to post Share on other sites
