RE: AS per the HRN news release. Skier, I think PL had stated in one of the range presentations, that a site was already prepared for a rig. But he did say, it depended if there was a discovery at shabeel.Jv partners would need to talk about it.
I also remember in one of range presentations, Pl stated if they didn't have an oil discovery,at shabeel they wouldn't drill a third well. So I starting to believe half of what they say, and question what they do. lol
I'm long,and don't think Horn going away any time soon.With all the positive wording on our last nr,What did they see in the shabeel wells, to make this ongoing drilling in Puntland?
Based on the encouragement provided by the Shabeel wells, the Company and its partners plan to enter 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. The current operational plan would be 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.