I think the aim is a re-entry but I think its highly likely they will have to sidetrack the well again due to the issues they had with the hole the last time.
I didn't realise there was that much infrastructure in Somaliland. I assume they will export to a country that has refinery capacity rather than wait for anything in Somaliland to be built.
I still think best to reduce their interest in Somaliland rather than Nigeria. Onshore wells generally take a long time to drill and therefore timelines will be very far out. Even on a successful exploration campaign, production will not be before 2020 at the earliest.
For me Somaliland is a big part of the future but the method to protect shareholders is Nigeria followed by Tunisia.
JKA Price at posting:
8.3¢ Sentiment: None Disclosure: Held