A quote I stumbled upon on an Africa Oil Corp Forum relating to...

A quote I stumbled upon on an Africa Oil Corp Forum relating to Puntland in East Africa, no idea on its Validity:

Major Oil Strike in Somalia
According to contacts working at an exploration site in Somalia’s northern Bari region, itself a region within the semi-autonomous Puntland state authority, drilling teams at the Shabeel-1 well have already struck oil on the second stacked target with an API gravity of 37 degrees, signaling medium to light crude oil according to an onsite hydrometer. On February 4, Radio Horseed spoke with Africa Oil supervisor Said Farrah Yare who confirmed that a depth of 1,100 meters had been reached, and he had more to say. The following text is an excerpt from the Radio Horseed report, translated from Somali.


We have reached a target depth of 1,100 meters with the drilling rig, and the results thus far are better than expected. We expect in the coming period to reach a result that will bring immense and surprising joy.
Around the same time, explorers in Angola announced that they had impacted fossil fuels at depths of around 400 meters, which Puntland should have surpassed several weeks ago, making the latest developments within the realm of possibility. At this point, anything beyond the confirmed 1,100-meter target on February 4 is the last strong piece of information coming from the operations, but the plausibility of oil having already been discovered is very strong.

On many occasions the Puntland administration and the exploration teams have worked in silence for security reasons. It wasn’t confirmed until the week of January 12 that drilling equipment had been arriving at Bosaso, the main port city in Puntland, just days ahead of the official spudding.

There is a history of Puntland and the oil companies playing brilliant mind games on the public when it comes to drilling, but the surprises they deliver are always spectacular, and more surprises are definitely on the horizon when considering the upcoming London-based conference on February 23, where oil will be a huge talking point and a major point of leverage for the Puntland administration.

Hirsi Fiqi, Editor

DissidentNation.com



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