" Puntland has now emerged as a semi-autonomous and much more stable region of Somalia and we are excited to have initiated the first major exploration program there in over two decades. In 2009 we completed the processing and interpretation of new seismic that we acquired in 2008 as well as the reprocessing and interpretation of existing legacy seismic data. We also successfully renegotiated our production sharing agreement to extend the exploration period timeline and clarify certain terms. We are now preparing for a drilling campaign due to commence later in 2010 following the rainy season. "
hopefully it wont rain for long on us shareholders
RRS Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held