Somalia | Oil, Gas & other Exploration News - Page 2

BUTEMBO21 · January 16th, 2012, 10:00 PM

Quote:

Originally Posted by juzme123

It is relatively stable.

Thanks. good news eitherway. eventually the region will get stable and peaceful.

Ulpia-Serdica · January 16th, 2012, 10:00 PM

Great news! What company is doing the drilling?

juzme123 · January 16th, 2012, 10:01 PM

juzme123 · January 16th, 2012, 10:02 PM

Quote:

Originally Posted by Ayatulahi

More than 500 billion barrels

juzme123 · January 16th, 2012, 10:08 PM

More than anything, this is politically very significant. If oil is found, that will be very important in the politics of the region.

Ulpia-Serdica · January 16th, 2012, 10:10 PM

Quote:

Originally Posted by Ulpia-Serdica

Great news! What company is doing the drilling?

Found it. Red Emperor Resources (ASX: RMP)(LON:RMP)

http://redemperorresources.com/IRM/content/default.aspx

xJamaax · January 17th, 2012, 01:01 AM

This is good news given the fact that we are neighbours and Kenya actually have many people of Somali descent. This may help in keeping a flow of this valuable resource to the country. I hope this will be realized so that there is a benefit in all directions.

BUTEMBO21 · January 17th, 2012, 01:21 AM

This is actually great news for greater East Africa. so Somalia is joing Sudan and Uganda as East Africa's producers. whilst giants Markets Ethiopia, Kenya and Tanzania are there only to get Oil through a competition between the producers. Go to love this region's realities.

juzme123 · January 17th, 2012, 01:25 AM

Quote:

Originally Posted by BUTEMBO21

This is actually great news for greater East Africa. so Somalia is joing Sudan and Uganda as East Africa's producers

Well lets hope oil is spudded.

LADEN · January 17th, 2012, 01:32 AM

Whats the Somali gdp growth rate for 2012?

Naijaborn · January 17th, 2012, 01:33 AM

Unknown, I bet!!

Naijaborn · January 17th, 2012, 01:34 AM

Great news, Somalia, Hope they find commercial quantities of the thing, and hope it makes Somalia stable.

juzme123 · January 17th, 2012, 01:54 AM

Quote:

Originally Posted by BUTEMBO21

it will make that region very powerful compare to other regions because they will have now a source of income to compete against other regions of their nation.

Here is another one. 'Compete' in what sense ?

Constantine MMX · January 17th, 2012, 01:55 AM

^Butembo is cool. He's right walaal, I predict - if the oil money is wisely spend - that Puntland will become a big economic hub for traders across the Somali Merchant Network in the region.

abesha · January 17th, 2012, 02:07 AM

How is this going to be handled if Somali were to be restabilized? If there is a discovery of commercial quantities, would Puntland accept reunifying with southern Somalia?

Constantine MMX · January 17th, 2012, 02:51 AM

Quote:

Originally Posted by abesha

How is this going to be handled if Somali were to be restabilized? If there is a discovery of commercial quantities, would Puntland accept reunifying with southern Somalia?

I barely noticed your post considering the avalance of trolling from Jamaax.

They are part and parcel of Somalia, they never broke off, hence there is nothing to re-unify. Secondly its not the only region in Somalia with prospective oil basins, or resource rich for that matter. If Puntland wanted to secede it had the chance to do so plenty of times.

juzme123 · January 17th, 2012, 03:15 AM

Quote:

Originally Posted by BUTEMBO21

it will make that region very powerful compare to other regions because they will have now a source of income to compete against other regions of their nation.

BUTEMBO you still havent asnwered my question. Compete in what sense ?

BUTEMBO21 · January 17th, 2012, 03:21 AM

Quote:

Originally Posted by juzme123

you still havent asnwered my question. Compete in what sense ?

Compete against Somaliland and the Somalia (south Region ) economically. For some reasons i look at the whole Somalia as some kind of a big strong Federal nation.

BUTEMBO21 · January 17th, 2012, 03:29 AM

Quote:

Originally Posted by juzme123

You are being very vague

What do you mean "compete economically". What would they be competing for... their regional economies are pretty much independent of eachother. You will need to be more specific.

I guess i'm wrong on what i was thinking. i don't have any other ways to describe it.

Vakai · January 17th, 2012, 03:34 AM

edit

January 16th, 2012, 10:00 PM	#22
Ulpia-Serdica Si vis pacem, para bellum Join Date: Oct 2011 Posts: 5,958 Likes (Received): 504	Great news! What company is doing the drilling? __________________ THIS IS BULGARIA - Treasures of Bulgaria -ТОВА Е БЪЛГАРИЯ VISIT BULGARIA - Official Tourism Portal SOFIA \| Ancient Cultural & Communicational Complex Serdica SOFIA \| Projects & Construction SOFIA \| Metropolitan System

January 17th, 2012, 01:32 AM	#30
LADEN Solid As A Rock Join Date: Mar 2011 Location: Scarborough Posts: 5,538 Likes (Received): 114	Whats the Somali gdp growth rate for 2012? __________________ Cole World, Real Cole World

January 17th, 2012, 01:33 AM	#31
Naijaborn ......................... Join Date: Jun 2010 Location: Lagos. Posts: 11,615 Likes (Received): 92	Unknown, I bet!! __________________ -------------------------------------------

January 17th, 2012, 01:34 AM	#32
Naijaborn ......................... Join Date: Jun 2010 Location: Lagos. Posts: 11,615 Likes (Received): 92	Great news, Somalia, Hope they find commercial quantities of the thing, and hope it makes Somalia stable. __________________ -------------------------------------------

January 17th, 2012, 01:55 AM	#34
Constantine MMX RETIRED Join Date: Sep 2010 Posts: 2,524 Likes (Received): 13	^Butembo is cool. He's right walaal, I predict - if the oil money is wisely spend - that Puntland will become a big economic hub for traders across the Somali Merchant Network in the region. __________________ Welcome to SSC Somalia \| Enchanting Somalia \| Cuisine of Somalia \| Indian Ocean & Red Sea Beaches The Millennia Old City \| Birds' Eye View of Somalia \| The Underwater Kingdoms \| Ancient Cities & Towns

January 16th, 2012, 10:01 PM	#23
juzme123 Registered User Join Date: Feb 2011 Posts: 3,527 Likes (Received): 82

January 16th, 2012, 10:08 PM	#25
juzme123 Registered User Join Date: Feb 2011 Posts: 3,527 Likes (Received): 82	More than anything, this is politically very significant. If oil is found, that will be very important in the politics of the region.

January 17th, 2012, 01:01 AM	#27
xJamaax Registered User Join Date: Apr 2010 Location: We Global Now Posts: 14,568	This is good news given the fact that we are neighbours and Kenya actually have many people of Somali descent. This may help in keeping a flow of this valuable resource to the country. I hope this will be realized so that there is a benefit in all directions.

January 17th, 2012, 01:21 AM	#28
BUTEMBO21 Mutu ya Chuma. Join Date: May 2008 Location: Under the Sun and the Moon Posts: 35,503 Likes (Received): 459	This is actually great news for greater East Africa. so Somalia is joing Sudan and Uganda as East Africa's producers. whilst giants Markets Ethiopia, Kenya and Tanzania are there only to get Oil through a competition between the producers. Go to love this region's realities.

January 17th, 2012, 02:07 AM	#35
abesha BANNED Join Date: May 2006 Location: Behind you Posts: 16,787 Likes (Received): 437	How is this going to be handled if Somali were to be restabilized? If there is a discovery of commercial quantities, would Puntland accept reunifying with southern Somalia?

January 17th, 2012, 03:34 AM	#40
Vakai Registered User Join Date: Mar 2009 Posts: 3,218	edit

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode