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General Duke

Puntland Oil an update..

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2009 First Quarter Report

 

Seismic Program

 

In Somalia, in the Nogal Block, AOC has acquired all of the more than 4,000 kilometres of existing good quality 2D data which was recorded in the late 1980's. This has enabled the Company to work up an inventory of drilling prospects from which the first two well locations will be selected.

 

At the Dharoor Block, the acquisition of 2D seismic commenced on July 9, 2008. A total of 782 kilometers of good quality data has been acquired, comprised of 15 grid lines. The Company has combined 555 kilometers of previously acquired data into the seismic database.

 

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kajdes   

GD, December is some time away, 5 months in fact - begs the question, why wait till the PSA has almost expired to then being activities in Dahroor?

 

The above schedule would indicate that there is no activity or advancement in the project for the next 5 months!

 

I would suggest that the seismic interpretation would have all been completed, unless of course they are not using computers.

 

Why are they appearing to be dragging their feet?

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^^^This is oil exploration and things take time. I belive they are very interested in the project otheriwse they would not have made it their center point. The time, money and effort they have spent on this project gives me confidance that there is something worthwhile coming. Insha Allah.

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Pilgrim   

Has there been any word of another meeting between Peter Landau and Puntland representatives? Word has it, he's in your neighborhood!

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Jeneraale waa yaabe horta nimankani miyaan u shaqeeynaa?

 

Yes, according to Puntlandpost article which came out 26th of this month as of today, confirms that company executive or CEO of RR Peter Landau is in Garoowe together with Michael Fox and the rest of the team with the usual suspects in it.

 

Article RR CEO

 

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