RE: A Lundin play..
The Nugaal Block is largely controlled [12] by Khatumo State and cannot be sold to any foreign company without the consent of Khatumo State, that represents the aspirations of the local population.
Investors in companies who claim to have bought the rights to explore Sool, Sanaag and Cayn (SSC) from either Somaliland or Puntland should be informed about the facts on the ground, and the conflict that these oil deals have caused. Any funds disbursed to these two entities for drilling rights on the Nugaal block can be considered as an squandered investment and a lack of due diligence on the part of these companies.