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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

.

dreamcatcher - 11 Apr 2012 15:52 - 3289 of 5221

Perhaps just an update, and if they smell oil. May just give the sp a boost. Then the next one should be the one we are waiting for.

dreamcatcher - 11 Apr 2012 15:53 - 3290 of 5221

Did you see anything in Puntland kim. :-))

kimoldfield - 11 Apr 2012 15:57 - 3291 of 5221

Water. Lots of it!

kimoldfield - 11 Apr 2012 15:59 - 3292 of 5221

Not as much as there should be though.

dreamcatcher - 11 Apr 2012 16:01 - 3293 of 5221

Can we bottle it. May be worth more than the oil. lol

kimoldfield - 11 Apr 2012 16:11 - 3294 of 5221

You could well be right DC!

3 monkies - 11 Apr 2012 17:41 - 3295 of 5221

At least blue. See your RMP have gone up as well today - good, you should be safe as I still haven't got any haha!!

dreamcatcher - 11 Apr 2012 17:45 - 3296 of 5221

Hi 3m as you say going the right way today. RMP doing well. Again I say this will have its day.

dreamcatcher - 11 Apr 2012 18:28 - 3297 of 5221

Horn up over 7%

http://www.google.co.uk/finance?cid=4085444#

dreamcatcher - 11 Apr 2012 22:02 - 3298 of 5221

HORN RNS - http://hornpetroleum.mwnewsroom.com/press-releases/horn-petroleum-corporation-drilling-operations-up-tsx-venture-hrn-201204110781515001

April 11, 2012
Horn Petroleum Corporation: Drilling Operations Update on Shabeel Well in Puntland, Somalia

--------------------------------------------------------------------------------

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2012) - Horn Petroleum Corporation ("Horn Petroleum" or the "Company") (TSX VENTURE:HRN) is pleased to update the market on the drilling operations on the Shabeel well in Puntland, Somalia. Horn is the Operator and holds a 60% working interest in the Dharoor and Nugaal Valley Production Sharing Agreements ("PSA's") along with working interest partners Range Resources (20%) and Red Emperor (20%).

The Shabeel well is currently at a depth of 2703 meters and had just completed the setting of the 9 5/8" casing. The well drilled through primarily tight limestones and shales of Lower Tertiary to Upper Cretaceous age and encountered a 355 meter section of Upper Cretaceous sands and shales of the Tisje / Jesomma Formations at a depth of approximately 1660 meters. The sands in this interval exhibited both oil and gas shows and petrophysical analysis of downhole electrical logs indicates a potential pay zone of between 12 and 20 meters in the section. Attempts to sample formation fluids using a wireline formation tester were not successful and thus the zone will require cased hole testing to confirm whether they are oil bearing. At a depth of 2015 meters a thick section of tight limestones and shales was encountered extending to the present depth of 2703 meters which is believed to correspond to the Upper Cretaceous Gumburo Formation.

The forward plan on the well will be to drill ahead to the originally planned depth of 3800 meters to evaluate the primary and secondary reservoir targets in the Lower Cretaceous and Jurassic intervals equivalent to the main productive section seen in the analogous fields in Yemen. A testing program including the zones of interest seen to date and any deeper potential pay zones identified will be agreed with partners at that time. Upon completion of this well, the Company plans to move the rig to the Shabeel North location on which construction is nearing completion.

Horn President and CEO David Grellman stated, "We are encouraged by the results to date and pleased that we have confirmed the presence of an active petroleum system in the Dharoor Valley. We look forward to drilling ahead into the primary objectives of the well and hope to confirm the shallow prospective zones by testing in the near future."

Horn Petroleum Corporation is a Canadian oil and gas company with assets in Puntland, Somalia. The Company holds a 60% interest and operatorship in the Dharoor and Nugaal blocks encompassing a Jurassic Rift Basin on trend and analogous to the large oil fields in Yemen. The Company's shares are listed on the TSX Venture Exchange under the symbol "HRN".

ON BEHALF OF THE BOARD

David Grellman, President and CEO

3 monkies - 11 Apr 2012 22:13 - 3299 of 5221

A few more metres to go then and a few more patience required.

dreamcatcher - 11 Apr 2012 22:13 - 3300 of 5221

hmmmmmm - Lets see what the market thinks of this Thursday.

3 monkies - 11 Apr 2012 22:16 - 3301 of 5221

hmmmm indeed. Gosh we are up late tonight, are you mixing the paint for the etching?

dreamcatcher - 11 Apr 2012 22:19 - 3302 of 5221

lol 3m.

'Attempts to sample formation fluids using a wireline formation tester were not successful'..... Could well be a red day Thursday.

dreamcatcher - 11 Apr 2012 22:23 - 3303 of 5221

Thanks to kiama123 from 11





We have not drilled or tested our primary or secondary targets yet!!! That is we're they expect oil!!!

It's a very good sign to have a working system in place and the fact they already have oil shows is very encouraging.

Up, down or sideways tomorrow it really doesn't matter... This stock and rmp are being played to gain stock....

It's getting ever nearer to the main zones and is getting very exciting

Like others have said we must be 10 days or so behind the real drilling depths!!

K

dreamcatcher - 11 Apr 2012 22:25 - 3304 of 5221

I agree with the above the drill is 10+ days ahead of what we are being fed.

3 monkies - 11 Apr 2012 22:28 - 3305 of 5221

Stop worrying DC I am only a woman as we know or at least I know but feels like good vibes to me. (Hope my vibes are correct). See what tomorrow brings must get some sleep.

dreamcatcher - 11 Apr 2012 22:33 - 3306 of 5221

Your right 3m, most chat on the boards seem happy with the news. Bed time.

Proselenes - 12 Apr 2012 03:45 - 3307 of 5221

Sounds like an AEX rns to me "we have potential net pay" and then later "......but we could not recover any fluids from it - lets test later on (eg after we try to find something more exciting so you will forget this potentially not really net pay) but for now hey, we have potential net pay....................".

Call me a cynic....... ;)

dreamcatcher - 12 Apr 2012 05:51 - 3308 of 5221

Up 5.56% on the ASX
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