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Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 6:19 pm
by Monk-of-Mogadishu
http://www.thepressreleasewire.com/clie ... leaseSeq=0
Puntland-Somalia
Dharoor and Nugaal Valley Blocks
The Company is currently in final preparations to commence the two well drilling campaign in the Dharoor Valley Block, with the first well planned to spud in the fourth quarter of 2011. Drilling locations have been selected over two robust prospects targeting gross best estimated prospective resources of over 300 million barrels each based on internal estimates. Contracts for a drilling rig and third party services are in advanced stages of negotiations with contract execution scheduled for early August.
The Puntland Government and Dharoor Valley communities are fully supportive of the drilling project and have ensured they will do all to allow the project to move forward safely and expeditiously. Specific milestone target dates have been adjusted by the Puntland Government allowing the Company and partners to move the drilling start-up to the fourth quarter of 2011. In addition, partial relinquishments in both the Dharoor Valley and Nugaal Valley agreements have been finalized and approved. The Puntland Government has also given its approval for the formation of Horn Petroleum and the impending transaction with the Company.
Awesome news, the public has been looking for an update for months. We'll also be hearing news from Range Resources in the coming week. The future looks exciting!
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 6:28 pm
by FBISOMALIA
^
good news keep it update
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 6:34 pm
by damu
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 6:52 pm
by garoweboy
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 6:54 pm
by CismanMaxamud1
garoweboy wrote:
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 6:59 pm
by Coeus
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:06 pm
by garoweboy
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:11 pm
by union
Where did the seven day countdown disappear to?
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:15 pm
by Coeus
union wrote:Where did the seven day countdown disappear to?
Saaxib this whole thing is just a bad joke.
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:19 pm
by garoweboy
Coeus wrote:union wrote:Where did the seven day countdown disappear to?
Saaxib this whole thing is just a bad joke.
If it's a joke why do you keep following us. go back to reporting about Muqdisho boy.
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:21 pm
by damu
Coeus wrote:union wrote:Where did the seven day countdown disappear to?
Saaxib this whole thing is just a bad joke.
why are you and union all over every oil topic if it's just a bad joke
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:27 pm
by Coeus
Heeeelp
heeeelp
im getting attacked by two pirates, take it easy guys i dont have any ransom on me
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:28 pm
by garoweboy
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 7:32 pm
by Monk-of-Mogadishu
They're like dogs, GaroweBoy, they sniff the next meal and pretend they don't know its there.
Re: Puntland Oil Update - August 3, 2011 - Africa Oil Corp.
Posted: Wed Aug 03, 2011 8:26 pm
by tightrope
Coeus wrote:union wrote:Where did the seven day countdown disappear to?
Saaxib this whole thing is just a bad joke.
