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 Annual 2007 AOC continues to invest in exploration activities related to the Dhahoor Valley and Nogal Valley Blocks in Puntland, Somalia. Reprocessing of seismic data from the Nogal Valley block has commenced and acquisition of 2D data in the Dharoor Valley block will begin over the next few months. Soon after completion of the seismic program, a drilling rig will be mobilized into the area to commence exploration drilling. The timing of the Company's exploration activities will be dependant upon political and security considerations in Puntland, Somalia. We are very excited at the prospect of applying lessons learned in Yemen to these world class basins and optimistic that our program will be successful. |
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