"The anticipated spud date of the Ngamia well has been revised to January, 2012. The prospect has been selected by the Tullow operated joint venture as the initial well in Block 10BB. The well will test the oil potential in Miocene age sandstones within a three way dip closure against the West Lokichar rift fault. Ngamia is directly analogous to successful oil accumulations drilled by Tullow and partners early in the exploration efforts in the Lake Albert graben of Uganda.
In addition, the Company reports that drilling operations continue on the Horn Petroleum operated Dharoor Block in Puntland, Somalia and the well is expected to spud in January, 2012."
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