Here is the lead in, you may have to get a free membership to read the complete story. [quote] May 23, 2012 Horn Petroleum Making Headway in Puntland, Somalia’s Dharoor Valley With Shabeel Exploration Wells
We have written a lot about Range Resources and Red Emperor which have assets in Puntland, Somalia, a little-known and restive corner of north-eastern Africa. We have written little about Horn Petroleum Corporation. The Toronto listed group nevertheless shares the mounting excitement about the area
The Canadian company is currently in the midst of a two-well programme (Shabeel-1 and Shabeel-2) which has already thrown up some intriguing early signs. While the first well, Shabeel-1, was no blockbuster - confirmed this week - it has highlighted the presence of a working petroleum system in the area. An arid region of north-east Somalia, Puntland declared itself an autonomous state in August 1998, an attempt, in part, to avoid the clan warfare engulfing southern Somalia.[/quote]
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