RE: RE: RE: Al-Shabaab threatens Puntland To each their own and best of luck but I'm sticking it out. Since I've been in this one, the militants have periodically been making waves in Somalia and Puntland, and if I remember correctly, government forces gave them quite the routing during the majority of last year. I've weathered through the S1 and SN wells that came up dry last year, commercially anyway, and in the process took quite the haircut in doing so.
It's believed that there are billions and billions of barrels of oil in the ground, and I've read reports stating absolutely astounding numbers to be discovered. For me personally, I want to see what the Nugaal holds as this has always seemed to be the real prize with it's much larger estimated reserves in place. As well, it seems highly probable that Horn will be used as the Lundin vehicle to possibly acquire blocks in other areas, I've read places such as Libya. So all in all I'm sticking it out. I've averaged down a lot with this one. I will admit though, that once things get rolling again I will be taking some profits so I don't repeat last years mistake, but I will still keep a rather sizeable position for the day they do in fact strike it rich with the black gold. EH1.