.

16p breached.

Horn up 20%, looks like its been a good day to of been out today. :-))

Horn up 25% Hmmmmmm

Horn up 32% They are going to get a speeding ticket .I wonder if they will release an rns saying why

They may of got a speeding ticket, so have released some news -


Horn Petroleum Operations Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2012) - Horn Petroleum Corporation (TSX VENTURE:HRN) ("Horn Petroleum" or the "Corporation") reports that the Shabeel-1 well on the Dharoor Block in Puntland, Somalia is currently at a depth of 2,384 metres and is drilling ahead to a planned target depth of approximately 3,800 metres.

There are no results to report at this time.

All good news so far.

doubled my holding this morning DC.........so now I got 2 shares......before anyone else gets funny....lol.,.

I can never understand why with wells you get : the drilling will take 45 days for instance and then another company will say the drilling will take almost 6 months !.....for almost the same depth.....is it because one well is going through soft sandstone and another granite ?.....anybody in Horn ?.....

Thats 1 more than me Bb. :-)) . Congrats by the way, hope your trip went well.

You missed the word MILLION Bb. lol

Just trying to find out how far away from TD we are now. ?

dc - PL has said the drilling will speed up as the drill gets deeper and the bore width
slims, so could be before 25th April or later if problems.



Found this from 11, saves working it out.

actually progress isnt too bad
we were told drilling to be 90 days, and it started on 17/Jan
so 3800/90 = 42.2m per day.

its been 12 days since the last update and we have achieved 31.8m per day

overall we have been drilling 63 days which is 70% of the 90 days and have reached 2384m which is 63% of the way to TD.

at this rate of drilling overall an average of 37.8m per day it will take us about 100 days to reach TD, so we are about 10 days over schedule so far so i expect TD to be reached about 25th April (at the current average drilling rate..)

Lets hope for a steady tick up to TD.

post 3095 - There are no results to report at this time" - The last rns said logging would start at the primary target 2400 - 2700 hence there are no results to report at this time.

Re: Timing... Thanks to Anthrazit 6 on 11




its a very quick and concise rns.
like its been quickly scrambled together.
i think the price has taken off and they have been obliged to release a statement - but obviously they wouldnt want to release a 'we know of no reason' type statement, have instead indicated that people can make up their own minds, but there is nothing to report yet as we are at 2384m.
clearly at 2384m the market is not expecting the target (not quite) so its a safe depth to report from, or to claim they are apparently at currently .... if they had reported at say 2500 and said there nothing to report then the market will trash the shares as we know we ar expecting oil at 2400-2700. and if they have found oil already they cannot just randomly report there is oil present as there is the political sensitivities to sort out first before news hits hard.

to me this is although short and consise, a positive news release and definately points to very cagey game going on here..!!
of striking oil i have absolutely no doubts, and have heard that locally, people are celebrating, although this could be to do with whatever deals the government has made with the elders to get this show on the road..

i certainly wont be selling, because at 2384m (and currently drilling ahead) - we will be into our target zone for definate in the next 24-48 hours.!

It could be an excellent post if the figures are accurate.....as far as local people celebrating they probably would only have heard about hydrocarbons being encountered or they might be more au fait than we are : difficult to assess....

Horn dipped on the news but has since picked up.

rf, I dont hold horn as I would think they are the most risky of RRL,RMP. If this does not come off, they will take a large hit.

Thought required fields remark regarding "has anybody got horn" was quite amusing - or is it the medication I am on to get over my problem, bringing me back to having a sense of humour.???? Nite All.

March 19, 2012 15:39 — 0 Comments
Puntland Leader Reaches Rako Raaho Village
In his second week of domestic negotiations with local clans, Puntland’s leader Abdirahman Mohamed Mahamud ‘Faroole’ has reached the town of Rako Raaho, his last stop in the newest peacemaking mission.


Rako Raaho, in the province of Karkaar, has been the scene of the worst land dispute in Puntland the last few years. The conflict has even spilled over into major cities like Bosaso in the northern Bari Province, and involved the usage of high-impact IEDs to target members of rival clans.

President Faroole will spend the night in Rako Raaho, under heavy security. The town’s mayor, Farrah Mahamud Ibrahim, welcomed Faroole alongside local clan elders and other civil society members in a traditional ceremony. This latest trip to Karkaar’s villages is the first time that the Puntland leader has visited the isolated communities off the main highway.

The end of this feud marks a new era in Karkaar and Bari, and will pave the way for future successes in the region.

Hirsi Fiqi, Editor

DissidentNation.com