RE: RE: picked more up
Keith Hill:
"Both Puntland and Somaliland have insisted that they are going to administer there own natural resources and that's a precondition for them joining the *federation of Somalia* so we are going to sit back and wait a little bit to see what happens politically before we start spending anymore money "
Bottom line without a revised petroleum law, no major is going to make a move.
The licence may end up not being worth the paper it's written on.
"Wait a little" means many more months of waiting.
No Seismics, No JV, No chance of any drilling this year so down it goes again...