Range Resources’ second Puntland well on track to reach target depth on time

[Somalia]

Range Resources’ second Puntland well on track to reach target depth on time

8:13 am by Andre Lamberti

 

This second Shabeel well is being drilled by Horn Petroleum, Range’s joint-venture partner

 

Range Resources (LON:RRL, ASX:RRS) said the second well being drilled in Puntland, Somalia, has progressed smoothly since spudding and remains on track to reach target depth on time and on budget.

 

Shabeel North is being drilled by joint venture operator Horn Petroleum (CVE:HRN) and has reached a depth of 984 metres, targeting a total depth of 2,400 metres.

 

The well is targeting Upper Cretaceous Jesomma sands which had good oil and gas shows in the Shabeel–1 well 3.5 kilometers to the south.

 

Petrophysical analysis of downhole electrical logs in the Shabeel–1 well indicated a potential pay zone in the Jesomma of 12 to 20 meters with an average porosity of 18 to 20 percent.

 

Upon completion and testing of the Shabeel North well, the rig will move back to Shabeel-1 to flow test the identified Jesomma sands.

 

http://www.proactiveinvestors.co.uk/companies/news/44500/range-resources-second-puntland-well-on-track-to-reach-target-depth-on-time-44500.html

[uchi]

Almost there... those rocks are stubborn ~

[mahad yare]

son i'm a about to be RICH :cool::cool:

[Somalia]

uchi;844377 wrote:

Almost there... those rocks are stubborn ~

Almost a 1000! This well is going much quicker, seems to be much softer ground there.

[uchi]

Those slackers need to drill nugaal area as well, they are not sticking with their contract it seems. But nevertheless atleast shabeel is in area not under dispute, honestly I'm very much happy .

 

How about you Somalia? Have you decided where you will build your beach house?

[Somalia]

Not yet. But they are drilling in Nugaal in September, they revealed that this past week.

 

Watch this presentation.

 

 

 

[uchi]

You are right, ^ but they should have been doing it a long time ago is what I meant~

[Somalia]

I agree. But they will not be drilling in Sool, it's nearer Garowe so not a disputed territory we are talking about.

[uchi]

We need to also buy Che & xiin beach front houses too ~ we should look after our friends don't you think?

[Somalia]

Definitely but Abwaan needs to be taken care of first, he has been stressing a lot for these past years, it's time he gets a beach front property in Hobyo and maybe a ranch in Wisil.

[uchi]

^ I agree

[Burn Notice]

uchi;844387 wrote:

Those slackers need to drill nugaal area as well, they are not sticking with their contract it seems. But nevertheless atleast shabeel is in area not under dispute, honestly I'm very much happy

.

 

How about you Somalia? Have you decided where you will build your beach house?

You need to remember that when Faroole first came into power he held up the project for nearly a year to review the agreements

 

Don't forget it takes time to bring in fake rigs lol into a country in turmoil which it was in 2007-2009

 

The current drill bit is smaller for this well and the TD is shallower so the big news is 2 to 4 weeks away

 

Exciting times ahead

 

After they drill Nugal I expect the Majors to takeover

[General Duke]

Great news. Alhamdulilah, everything has gone to plan...

[Fiqikhayre]

Alxamdulillaah maashaallaah great news. They're almost half way there. Only 1400 meters to go inshaallaah.