Puntland Basins: Upcoming drilling campaign

[MJ360]

Horn President and CEO, David Grellman, commented, "We remain very encouraged by the exploration potential of our Jurassic rift basins in Puntland. We have committed to the next exploration phase in both PSAs and plan to aggressively explore both areas to confirm this potential.

Based on the encouragement provided by the Shabeel wells, the Company and its partners entered the next exploration period in both the Dharoor Valley and Nugaal Valley PSAs which carry a commitment to drill one well in each block within an additional three year term ending October 2015. The current operational plan is to contract a seismic crew to acquire additional data in the Dharoor Valley block and to hold discussions with the Puntland Government regarding drill ready prospects in the Nugaal Valley block. The focus of the Dharoor Valley block seismic program will be to delineate new structural prospects for the upcoming drilling campaign.

Horn has been in discussions with potential joint venture partners and also is reviewing new venture opportunities in the region. Somalia is going through an unprecedented period in its history with a real opportunity for all stakeholders to assist in the rebuilding of the country. The first internationally recognized Federal government took power in 2012 following over 20 years of transitional or no government. The Company actively engages with a range of governments and organizations, domestic and international, around how Somalia can best develop a stable Federal state including the institutions and systems it needs to properly manage its natural resources.

Horn holds a 60% working interest in the Dharoor and Nugaal Valley blocks and is the operator. The other partners in the blocks are Range Resources (20%) and Red Emperor (20%). Africa Oil Corporation holds an approximate 45% equity interest in Horn.

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".

http://hornpetroleum.mwnewsroom.com/pre ... 0895010001

[LightAtNight]

I hope they Just find more water, we dont need fitna

[hydrogen]

I hope they Just find more water, we dont need fitna

I hope they find oil so they completely annihilate each other.

[OjOO]

[MJ360]

I hope they Just find more water, we dont need fitna

I hope they find oil so they completely annihilate each other.

[original dervish]

People beginning to shiver.

[oxymoron]

I hope they Just find more water, we dont need fitna

I hope they find oil so they completely annihilate each other.

[oxymoron]

Puntland OIl

[quark]

I hope they Just find more water, we dont need fitna

We?? oil or no oil, they aint no we GTFOH

[hydrogen]

I hope they Just find more water, we dont need fitna

We?? oil or no oil, they aint no we GTFOH

[quark]

[hydrogen]

Really angry are you quark

[GalliumerianSlayer]

The Oil shall be shared for all Somalis, or are you guys going to show your true anti-Somalia sentiments?