Puntland Is rich with oil and all that belongs to all Somalis

Posted in the Somalia Forum

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Swede

Sollentuna, Sweden

#2 Nov 21, 2011
Edison Investment Research comments on Range Resources' oil frontier potential in Somalia’s Puntland.

Edison Investment Research described Range Resources (LON:RRL, ASX:RRS) as primarily a frontier exploration play, with a growing and potentially cash-generative US adjunct. The research house believes that the company’s 20% stake in two large licence blocks in Puntland, Somalia, could prove to be a ‘company-maker’.

“Puntland is believed to be one of the last remaining lightly explored onshore regions that have large sedimentary basins capable of hosting multi-billion barrel reserves. Puntland’s sedimentary basins are considered analogous to the prolific petroleum producing basins to the north in Yemen”, Edison state.

According to Edison, Range Resources is now entering a very interesting phase, with a wildcat well scheduled for late 2010 in Somalia.“We believe un-risked recoverable reserves could be around 4.6bn bbls based on independent assessments of oil initially in place of 18.2bn bbls”.

Elsewhere, Edison said that Range Resources has a ‘quasi-frontier’ zone at its early stage exploration project in the Republic of Georgia. Range’s JV with Strait Oil & Gas holds two very large licence blocks - V1a and V1b - covering 7,000km2 in the middle of Georgia. Edison also noted a ‘tentative’ estimate, carried out by RPS Energy, of 383mmbbls potentially recoverable resources from 14 prospects in V1a.

“Significantly, in addition to the oil potential, the review pointed to the prospectivity of the blocks for both conventional natural gas and coal bed methane.”

In terms of the Range Resources share price, Edison said that the ‘stock is still very much at the undiscovered stage and reflects little value for the Puntland and Georgia plays’. According to Edison, Range Resources can justify a valuation of £137m, equating to 15.5p/share.

Range Resources

Range Resources Limited (“Range” or “the Company”) is an ASX (ASX: RRS RRSOA) and AIM (AIM: RRL) listed exploration Company, with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia.

Range Resources currently has a 100% interest in the sole and exclusive rights to all mineral and hydrocarbon exploration and development in the Somali state of Puntland which covers an area of approximately 100,000km2. Puntland is believed to have all the geological requirements to become a commercial oil-producing region.

Somalia, and in particular Puntland, remains one of the last under-explored countries that has a high potential for considerable reserves of hydrocarbons which can be subsequently developed for the benefit of both the people of Puntland and Range Shareholders. The Company believes that through the generation of work and government royalties from hydrocarbon and mineral exploration and development numerous social and economic benefits will result.

Source: proactiveinvestors.com

“SOMALILAND LOVE”

Since: May 10

Location hidden

#3 Nov 28, 2011
We will give the South a fair amount of cash.

They have been through a lot, so they need a bit of peace and prosperity.

http://asiagoans.com/wp-content/uploads/2011/...
The Chief

Norway

#4 Nov 28, 2011
Swede wrote:
Edison Investment Research comments on Range Resources' oil frontier potential in Somalia’s Puntland.
Edison Investment Research described Range Resources (LON:RRL, ASX:RRS) as primarily a frontier exploration play, with a growing and potentially cash-generative US adjunct. The research house believes that the company’s 20% stake in two large licence blocks in Puntland, Somalia, could prove to be a ‘company-maker’.
“Puntland is believed to be one of the last remaining lightly explored onshore regions that have large sedimentary basins capable of hosting multi-billion barrel reserves. Puntland’s sedimentary basins are considered analogous to the prolific petroleum producing basins to the north in Yemen”, Edison state.
According to Edison, Range Resources is now entering a very interesting phase, with a wildcat well scheduled for late 2010 in Somalia.“We believe un-risked recoverable reserves could be around 4.6bn bbls based on independent assessments of oil initially in place of 18.2bn bbls”.
Elsewhere, Edison said that Range Resources has a ‘quasi-frontier’ zone at its early stage exploration project in the Republic of Georgia. Range’s JV with Strait Oil & Gas holds two very large licence blocks - V1a and V1b - covering 7,000km2 in the middle of Georgia. Edison also noted a ‘tentative’ estimate, carried out by RPS Energy, of 383mmbbls potentially recoverable resources from 14 prospects in V1a.
“Significantly, in addition to the oil potential, the review pointed to the prospectivity of the blocks for both conventional natural gas and coal bed methane.”
In terms of the Range Resources share price, Edison said that the ‘stock is still very much at the undiscovered stage and reflects little value for the Puntland and Georgia plays’. According to Edison, Range Resources can justify a valuation of £137m, equating to 15.5p/share.
Range Resources
Range Resources Limited (“Range” or “the Company”) is an ASX (ASX: RRS RRSOA) and AIM (AIM: RRL) listed exploration Company, with its principal activity directed towards finding and delineating natural resources in the oil, gas and mineral sectors in Puntland, Somalia.
Range Resources currently has a 100% interest in the sole and exclusive rights to all mineral and hydrocarbon exploration and development in the Somali state of Puntland which covers an area of approximately 100,000km2. Puntland is believed to have all the geological requirements to become a commercial oil-producing region.
Somalia, and in particular Puntland, remains one of the last under-explored countries that has a high potential for considerable reserves of hydrocarbons which can be subsequently developed for the benefit of both the people of Puntland and Range Shareholders. The Company believes that through the generation of work and government royalties from hydrocarbon and mineral exploration and development numerous social and economic benefits will result.
Source: proactiveinvestors.com
Do you trust Range Resourcses and Somalia's current leaders?
SOMALI NOMAD

Stone Mountain, GA

#5 Dec 14, 2011
Yes we are rich we are rich am rich bioaatch
SOMALI NOMAD

Stone Mountain, GA

#6 Dec 14, 2011
Everything will change for the better inshallah.

We somalis deserve this after 25YRS of suffering.
DA truth

United States

#7 Dec 14, 2011
Why do think all these groups are trying 2 conqur the country ie US Ken Eth. Oil is all over the coast the West has known this since the 1980. Said b even got an advance of 45 million dollars in cash from shell oil 3 start digging in 1990 n shit hit da fan. The Americans tried 2 get oil in 1993 u seen what happen. Lol. We jus 2 savage as nation 2 even understand the value of such resource. We don't deserve this shi&.
SeektheTruth

Glasgow, UK

#8 Dec 15, 2011
The Chief wrote:
<quoted text>
Do you trust Range Resourcses and Somalia's current leaders?
Somalia CANNOT trust any North American or European countries, it is as simple as that. There are no ifs or buts. We cannot trust them, and definetly cannot do business with them, while our country is still very much instable. and the capital is in the hands of TFG, CIA and Hawiye maniacs. Puntland, Somaliland etc....cannot do any more deals with any international companies. It is not the right time, obviously.

The only people we can work with in this moment in time and in the future, is Cuba, South America, Turkey, Kuwait, Russia, Egypt, Iran, China,India...these are the countries and many are Somalia's former friends, countries we have great history with...Not North America or Europe God forsaken countries they are.
Saulja boy

Tampa, FL

#9 Dec 15, 2011
Puntland Is rich with sri lanka, tamil tigers get lost on a small boat end and up in Puntland kkkkk
sayidka

London, UK

#10 Dec 15, 2011
would somaliland get any the oil revenue? because there is not oil in somaliland, no rivers there is nothing they must dumb to live rest of somalia.
waqooyi

Doha, Qatar

#11 Dec 15, 2011
better to dream if there is no light at the end of your tunnel.
Diidan

Minneapolis, MN

#13 Dec 15, 2011
waqooyi wrote:
better to dream if there is no light at the end of your tunnel.
Waqooyi, Bal ii sheeg SXB, hadaad wax kala socotid DIRKA, Bari, dega oo dhulka siiyay maGARTEEN MEESHA MAXAY KA YIHIIN???

Cuz, HORAA LOO YIDHI AMA MEEL KA MUUQO AMA KA MAQNOOW!!!!

I wonder waxa ku dhacay Dirka, koonfureed.
Diidan

Minneapolis, MN

#14 Dec 15, 2011
waqooyi wrote:
better to dream if there is no light at the end of your tunnel.
LOOOL.
waqooyi

Doha, Qatar

#15 Dec 15, 2011
waxaan maqlay,berigii ay majeerteenku Talyaaniga dabadhilifka u ahaayeen,sidii Dirka koonfureed cagta hoosteeda loo geliyay dib madaxa umay qaadin,waayo iyagu waxay ahaayeen qabiilkii talyaaniga markuu dalka soo gelayay la dagaalamay,markaas waa la jabiyay.
habargidirtuna waa la mid.wixii xiniinyo lahaaba koonfurta way ka siibeen.Abgaalna waxay ahaayeen adoonta ay ku shaqeesanjireen.waxaad ku garataa ilaa cali mahdi ilaa maanta shariif abgaal ayay ina daba wadaa,taasuna way soconla'dahay oo waxaa meesha ka maqan Talyaanigii maskaxda u siday.waayo mar dhexe ayay carabta ku yara leexdeen,markaas ayay talyaaniga kala ambadeen oo iminka waa jaahwareer,iyaga iyo koonfurtuba.
markaanu anagu waqti u helno,waxaanu rabnaa inaanu walaalahayga DIR dib u soo nolayno,taasu waa dhab ee ciyaar maaha.KA NAXAW NAFT WAA.
VIVA SNM.
The Chief

Norway

#16 Dec 16, 2011
Range Resource's oil find is fake. They only take precious metals from Puntland. The money is never seen by the common man in the street. This is what I heard from Puntland natives themselves.

Why the drill never comes? Why they say that they will spud the wells for a certain date and then change their previous statements? Range Resources is a thieve.

“SOMALILAND LOVE”

Since: May 10

Location hidden

#17 Dec 31, 2011
The Chief wrote:
Range Resource's oil find is fake. They only take precious metals from Puntland. The money is never seen by the common man in the street. This is what I heard from Puntland natives themselves.
Why the drill never comes? Why they say that they will spud the wells for a certain date and then change their previous statements? Range Resources is a thieve.
Puntland oil preparations

http://somalia.tumblr.com/
kkkkk

UK

#18 Dec 31, 2011
saracens south african private security in puntland not only digging the land and dumping toxic waste but also digging puntland ugly sharmuutoyin they even set up their own road blocks no one monitoring them mj qaniisyo futa weeynyaal focus against somalis rather then gaalo my only concern is these recist white south africans probably spreading hiv sad but the truth hurts

“SOMALILAND LOVE”

Since: May 10

Location hidden

#19 Dec 31, 2011
^^
You are one helluva dumb mooothefu/ker
kkkkk

UK

#20 Dec 31, 2011
FaraxZeroIncome wrote:
^^
You are one helluva dumb mooothefu/ker
wlahi i'm not making it up go to radio kulmiye dabaal one of your traitor wasiir was crying gabdhaha somaliyeed sidii la doona laga yeelaa dhulka oil baa qodaynaa bey leeyihin lakin sun bay noogu shubaan go listen you are blind dumb hateful nasty lowlife whos here 24hrs talking about hawiye sorry if hawiye dick is up in your ass and cant sit down

“SOMALILAND LOVE”

Since: May 10

Location hidden

#21 Dec 31, 2011
Lol

You hate that I am spreading truth and facts.

The traitor was deported from the land, he is in exile in idoor land.

Now, you Mr Hawiye are a problem for me. Because you are simple animals.

Your thinking is so far behind it almost hurts to talk to you.

Look at your politics now, "Amhara baa wadanka soo gashey, Abdullahi Yusuf baa soo geliyey" and look TODAY what happened in Beledweyne.

You are a laughing stock, even Isaaq laugh at your thinking.
kkkkk

UK

#22 Dec 31, 2011
FaraxZeroIncome wrote:
Lol
You hate that I am spreading truth and facts.
The traitor was deported from the land, he is in exile in idoor land.
Now, you Mr Hawiye are a problem for me. Because you are simple animals.
Your thinking is so far behind it almost hurts to talk to you.
Look at your politics now, "Amhara baa wadanka soo gashey, Abdullahi Yusuf baa soo geliyey" and look TODAY what happened in Beledweyne.
You are a laughing stock, even Isaaq laugh at your thinking.
shut up waryaa isaaq is my brother you are my problem but hopefully your nasty snakes will die of aids soon anyways make sure tigrey midget is not banging your mama i know mj dhilooyin start dhilanimo after menopause she cant get pregnant but surly she will get hiv my advice to lock her away from them ileen your father is qaniis big futooooooooo with balaq gus kkkk

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