Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It seems that many here have not researched the actual potential of "Oil" in Somalia mainly "Puntland".  Oil drilling will start in "Puntland" within the very near future via a J/V between Range Resources (Australian Company) and CanMex (Canadian company) via a "Production Sharing Agreement" (PSA) between them and the "Puntland Government".  Please see the information below.

by Plato on Fri Jan 19th, 2007 at 06:56:03 PM EST
Do you have a link for this presentation, or a source?

There may be some copyright issues to repriniting documents created by other without attribution, especially if you reprint them in full or close to that, so we usually prefer to quote smaller bits and link to the full document.

Very interesting in any case, but I'll note that 250 million barrels, while nice for a small company, is quite small in terms of global oil production (it's 3 days of current world production)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Jan 20th, 2007 at 05:46:14 AM EST
[ Parent ]
Salut Jerome a Paris, Thank you for your reply. All the information that I have posted is in the public domain. My apologies for not referencing my source documents. I was running late for a flight connection. Please find below Range Resources web address that contains all the information that I have provided. If you have any other questions on the information please let me know. http://www.rangeresources.com.au/corp_pro.cfm BTW the projected reserves estimated for the Puntland project is closer to 20 Billion Barrels. Au Revoir, Plato
by Plato on Sat Jan 20th, 2007 at 06:58:57 PM EST
[ Parent ]
20 Billion Barrels?

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Sat Jan 20th, 2007 at 10:10:54 PM EST
[ Parent ]
Hi maracatu,

Per discussions between Range and Hunt Oil (Yemen) on review of the Conoco data on Block 28 in Puntland, the Hunt people have stated that Block 28 in Puntland and Block 18 in Yemen are mirror images and that Block 28 in Puntland "Could" contain upwards of 20 Billion barrels recoverable oil.

Time will tell if these estimates come true once drilling is under way. Until then it is just an "Estimate".


by Plato on Sun Jan 21st, 2007 at 12:29:28 AM EST
[ Parent ]
For further information about Range Resources and Oil in Somalia, Please view these videos

Part 1: http://www.youtube.com/watch?v=kbzgP_7U39U

Part 2: http://www.youtube.com/watch?v=19qI_vncg6U

Also, here please find a link to an independent report about the company:

Range Resources Limited Independent Expert Report David Archibald 14 November, 2006

by Hajda2 (damianhajda@hotmail.com) on Sat Jan 20th, 2007 at 07:17:48 PM EST
[ Parent ]


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