THIS LITTLE NEWSPAPER FROM PUNTLAND HAS BEEM MY SOURCE OF INFORMATION AND I CAN SAY THAT EVERYTHING I READ FROM THIS EDITOR HAS BECOME TRUE SO FAR .
Since day one of the exploration frenzy in Puntland, going as far back as 2005 when Range Resources Australia signed the first open agreements, I was of the opinion that Puntland’s oil production capability was unquestionably there. Over the years, my conviction to that idea has only grown stronger in testimony. And I will tell you exactly why Puntland WILL produce oil.
3. The whole Yemen saga. Geologists have stated over and over again that Yemen’s oil-producing rifts cut right into Somalia–it goes beyond the matter of oil and is grounded in scientific reality. Actually, forget the geologists and the labs for a moment and open Google Earth. Start in Somalia’s northeastern-most corner and make your way by sea towards Socotra island, and then into southern Yemen. Notice something? The geography and landforms are identical. It’s not pitch-perfect by the standards of science but if you’re dictated by common sense then there you have it. And Socotra too is the sight (or was) of offshore drilling by major corporations. So if Yemen has the goods, and Socotra has the goods, then by law of nature Puntland must also share in that fortune.
2. The odds stacked as they are right now. Red Emperor Resources, one of the exploration outfits currently in Puntland announced that the chance of success at the Shabeel-1 well is now 40% after hydrocarbon shows this week. Throw in another well on that same contiguous basin and you’ve got two opportunities at a strike with 40% success rate.
1. The Conoco Cables are a set of unclassified documents dating back to transmissions in the late 1980s up to 1991 during the breakdown of the Siad Barre regime in Somalia, and the subsequent pullout of the Conoco oil corporation. This is the beginning and the end of your search for likelihood of success in Puntland. The amount of information in the cables is the mother of all smoking guns, and absolutely shatters doubt.
I’ve never held shares in public companies, though I’d like to, but the skepticism of some shareholders on what I certainly believe is the most assured oil field in recent times (Somalia/Puntland) tells me that a lot of people should just stay away from something like investment which requires knowledge of what you’re betting on. And it’s obvious that a lot of people haven’t done research or simply do not understand how history played out in Somalia nor the geography of the region, which reeks of fossil fuel potential.
Somalia is not in Southeast Asia, it’s in mineral-rich Africa and sits right next to the oil-rich Arabian Peninsula; put one and two together and the answer should be obvious here. I always said, if I wasn’t a broke student I’d be a stock billionaire in today’s climate. It isn’t exactly rocket science to see which parts of of the world have the goodies.
Hirsi Fiqi, Editor
DissidentNation.com
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