on the move..., page-24

Commenting on the transaction, Dr. John Hurst Chief Operating Officer of Africa for Genel, said:

“We are delighted to have farmed in to the Odewayne Block, substantially increasing our acreage position in Somaliland. This block, together with our SL10/13B acreage, means we have built a strong position in an exciting frontier exploration area. Such frontier exploration opportunities, with a very realistic possibility of finding large volumes of hydrocarbons, are increasingly rare. We look forward to commencing our exploration programme which will lead to spudding of our first well by mid-2014.”

http://somalilandpress.com/genel-energy-plc-somaliland-farm-in-37369