GaraadMon Posted July 18, 2012 VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2012) - Horn Petroleum Corporation ("Horn Petroleum" or the "Company") (TSX VENTURE:HRN) reports that the Shabeel North well is currently at a depth of 1967meters and has penetrated a 50 meter gross section of upper Jesomma sands with oil shows. An open hole drill stem test is currently underway to determine if this zone is oil or water bearing. Regardless of the result of this test, the well will continue to drill to the base of the Jesomma sands to evaluate any additional lower Jesomma potential pay zones. Horn Petroleum Corporation is a Canadian oil and gas company with assets in Puntland, Somalia. The Corporation holds a 60% interest and operatorship in the Dharoor and Nugaal blocks encompassing a Jurassic Rift Basin on trend and analogous to the large oil fields in Yemen. The Corporation's shares are listed on the TSX Venture Exchange under the symbol "HRN". ON BEHALF OF THE BOARD David Grellman, President and CEO Source HRN Petroleum Looking great so far. Quote Share this post Link to post Share on other sites
Haatu Posted July 18, 2012 We need some confirmations and soon! Even the bloody Kenyans have found some! Quote Share this post Link to post Share on other sites
Gaashaan Posted July 18, 2012 Very good news, shabeel north waa buuxaa but we don't know wax ka buuxa,,,,rabow khayr ka dhig Quote Share this post Link to post Share on other sites
GaraadMon Posted July 18, 2012 I'm astounded as to why stock prices dropped after this announcement. Did the word 'water' scare investors? Quote Share this post Link to post Share on other sites
Somalia Posted July 19, 2012 It says oil shows, then water. Quote Share this post Link to post Share on other sites
