http://www.marketwatch.com/story/africa ... _news_stmp
Early in 2011 and again in July, AOC amended its Production Sharing
Contracts ("PSC") with the Puntland Petroleum and Mineral Agency
requiring execution of a drilling contract by July 31, 2011, drilling
operations to commence on the first well by November 15, 2011, and
drilling operations to commence on a second well by January 17, 2012. A
drilling rig contract has now been entered into.
Good to see PL government is pushing the oil companies to get to work. Looks like the damn drilling contract issue pushed some dates back but all is well now.
In Puntland, the Company is currently in final preparations to
commence a two well drilling campaign in the Dharoor Valley Block,
with the first well planned to spud in the fourth quarter of 2011.
Drilling locations have been selected over two robust prospects
targeting gross best estimated prospective resources of over 300
million barrels each, based on internal estimates. A contract has
been awarded to Sakson Drilling and Oil Services who will provide a
1500 horse-power, top drive equipped rig. The majority of the
drilling related third party service contracts have been entered
into and all outstanding service contracts are expected to be
complete before the end of August.
its taking ages, 
