Horn Petroleum spuds Shabeel North

[abdisamad3]

Horn Petroleum
Tuesday, June 05, 2012






Horn Petroleum Corporation ("Horn Petroleum" or the "Corporation") (HRN.V) is pleased to announce the commencement of drilling operations on the Shabeel North well in Puntland, Somalia, the second well in the current drilling campaign.

The Shabeel North well is targeting Upper Cretaceous Jesomma sands which had good oil and gas shows in the Shabeel well 3.5 kilometers to the south. Petrophysical analysis of downhole electrical logs in the Shabeel well indicated a potential pay zone in the Jesomma of up to 12 to 20 meters with an average porosity of 18 to 20%. It is planned to bring the rig back to the Shabeel location to test these sands to confirm their ability to flow oil once the drilling of the Shabeel North well is completed. The planned TD of the Shabeel North well is 2400 meters and drilling is expected to take 45 to 60 days to complete.

Horn Petroleum President and CEO David Grellman stated, "The Shabeel North well will test the same reservoirs that appear to be oil bearing in the nearby Shabeel well. We would expect similar or better reservoir thickness and quality as we move deeper into the basin. The results of this well should help us confirm the extent of the petroleum system in the basin and, if successful, would be another step towards proving the economic potential of the basin."

The well is being operated by Horn Petroleum which holds a 60% working interest in the Dharoor and Nugaal Valley Production Sharing Agreements ("PSA's") along with working interest partners Range Resources (20%) and Red Emperor (20%). Africa Oil Corp. holds an equity interest in Horn Petroleum of approximately 51%.

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".


Source: Horn Petroleum

[quark]

[tightrope]

[nomadicwarlord]

[AhmedBoqor]

[Monk-of-Mogadishu]

Puntland, on the frontline of Somalinimo and oilnimo.

[abdisamad3]

[tightrope]

Puntland, on the frontline of Somalinimo and oilnimo.

SOMALINIMO? WHAT'S THAT?
ALL I KNOW IS PUNTLANDNIMO

[CismanMaxamud1]

[CismanMaxamud1]

Shirkada Shidaalka ka qoda Puntland oo sheegtey in Shabeele 2 guul laga gaarey oo shidaal ka buuxo

Bishii la soo dhaafay ayay ahayd markii shirkada shidaalka ka heshey Puntland ay cadeysey in Ceelka shabeele 1 laga heley shidaal laguna guuleystey isla markaasna la sugayo qalabkii shidaalka lagusoo saari lahaa oo wadada kusoo jira, Shirkadu waxay kaloo sheegtey in Qalabkii saaraa Shabeele 1 oo ahaa riiga shidaalka lagu qodo isla wakhtigaas loo wareejiyey Shabeele 2, Hadaba shalay (05.05.2012) Keith C. Hill oo ah Madaxa Shirkada african oil wuxuu soo saaray qoraal uu ku sheegey in Shabeele 2 isdna guul wayn laga gaaray, isla markaasna 40 cisho gudohood ay ku gaarayaan shidaal iyo Gaas fara badan.

http://puntlandi.com/?p=34980

[tightrope]

Range Resources partner optimistic about the potential of second Puntland well
3:56 am by Ian Lyall

Range Resources (LON:RRL, ASX:RRL) said drilling on a second well in Puntland, Somalia, has begun.

Shabeel North is targeting the Upper Cretaceous Jesomma sands where “good” oil and gas shows were uncovered by the original Shabeel well, 3.5 kilometers to the south.

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

David Grellman, Horn’s chief executive, said: "The Shabeel North well will test the same reservoirs that appear to be oil bearing in the nearby Shabeel well.

“We would expect similar or better reservoir thickness and quality as we move deeper into the basin.

“The results of this well should help us confirm the extent of the petroleum system in the basin and, if successful, would be another step towards proving the economic potential of the basin."

Petrophysical analysis of downhole electrical logs of the original Shabeel well pointed to a potential pay zone of 12 to 20 meters with an average porosity of 18 to 20 per cent.

It is planned to bring the rig back to the Shabeel location to test these sands to confirm their ability to flow oil once the drilling of the Shabeel North well is completed.

The planned total depth of the Shabeel North well is 2,400 meters and drilling is expected to take 45 to 60 days to complete.

http://www.proactiveinvestors.com/compa ... 30194.html

[CismanMaxamud1]

Shabeel North is targeting the Upper Cretaceous Jesomma sands where “good” oil and gas shows were uncovered by the original Shabeel well, 3.5 kilometers to the south.

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

David Grellman, Horn’s chief executive, said: "The Shabeel North well will test the same reservoirs that appear to be oil bearing in the nearby Shabeel well.

“We would expect similar or better reservoir thickness and quality as we move deeper into the basin.

Inshallah this will be blessing for our people.

[quark]

Shabeel North is targeting the Upper Cretaceous Jesomma sands where “good” oil and gas shows were uncovered by the original Shabeel well, 3.5 kilometers to the south.

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

David Grellman, Horn’s chief executive, said: "The Shabeel North well will test the same reservoirs that appear to be oil bearing in the nearby Shabeel well.

“We would expect similar or better reservoir thickness and quality as we move deeper into the basin.

Inshallah this will be blessing for our people.

inshallah

[tightrope]

Shabeel North is targeting the Upper Cretaceous Jesomma sands where “good” oil and gas shows were uncovered by the original Shabeel well, 3.5 kilometers to the south.

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

David Grellman, Horn’s chief executive, said: "The Shabeel North well will test the same reservoirs that appear to be oil bearing in the nearby Shabeel well.

“We would expect similar or better reservoir thickness and quality as we move deeper into the basin.

Inshallah this will be blessing for our people.

inshallah