Horn Petroleum, the single largest stakeholder in the Dharoor and Nugaal basin exploration process, is due to release an official update statement on progress at the Puntland well sites in the coming few days according to a contact in the northern Bari region of Somalia.
Our contact works in Dubai, which many consider to be the second headquarters of the Puntland oil project, and he frequently travels to Somalia’s Puntland region to look over his personal enterprises. He’s stated that the official update will be due around the time of the London conference tomorrow, and that the information is already prepared by the exploration team, however it may be delayed due to politically-related timing. The announcement, he said, even if not directly on the subject of a serious discovery of hydrocarbons, will allude to related themes.
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