Steal of the Century

[D-Runner]

Back in 2004, the United States and the U.N. helped Somalia organize a Transitional Federal Government (TFG) in an effort to unify a country that has managed to basically split its self into pieces.

After all, stabilizing Somalia is important for the United States oil interests.

Now, almost immediately, the TFG announced to the world that Somalia was essentially open for business.

It was the then newly formed TFG first Prime Minister, Ali Mohamed Gedi who told reporters the country was prepared to offer oil, gas and mineral concessions to foreign companies, although this invitation came with a warning: all firms were to do business only with the TFG, and not make deals with the various tribal factions.

"Foreign companies should desist in attempts to deal with local authorities ... without prior written consent from the federal government," former Prime Minister Gedi said.

"Any violation of this will result in negative consequences and the responsibility will lie with the culprits. Until the government puts in place specific legislation for natural resources management, such as a national hydrocarbon law, it will be categorically impossible to give concessions."

Now, with all the uncertainty, Big Oil played it safe, and stayed away from Somalia.

Big mistake!

You see, while Big Oil was standing on the sidelines waiting for the chaos to settle down...

A tiny 50-cent oil exploration company, whom I'll call Oil Raider (not its real name), signed a shocking oil deal with the Republic of Puntland, one of Somalia's tribal regions.

How big is this deal?

Well, Puntland occupies the northeast tip of Somalia. It is right on Africa's Horn, directly across from oil-rich Yemen! Because of its location, experts believe Puntland is sitting on the bulk of Somalia's oil wealth.

In fact, based on oil exploration conducted in the Puntland region during the 1980s by Conoco, it is believed that Puntland hosts a BILLION barrels of recoverable oil!

And get this: Not only did Oil Raider secure an oil deal... it landed an EXCLUSIVE CONTRACT for 100% of the oil AND minerals in Puntland, including oil, coal, uranium, silver, iron ore, copper, lead, natural gas... everything!

And here's the stunning part: The deal only cost the company $10 million...

Think about that...

With oil prices at $67 per barrel, the petroleum side of this deal could be worth $67 BILLION.

And that doesn't even include the potentially massive supply of uranium, silver, copper and other commodities that Puntland is sitting on.

Oil Raider is tiny, with a market cap of $50 million. And now, with a mere $10 million investment, it controls natural resource assets potentially worth $67 billion!

That's 1,340 times (67B/50M = 1340) their current market value.

I think you'll agree: The upside is absolutely staggering!

And it only gets better...

Because Oil Raider has acquired some of the old Conoco sites, drilling could begin very soon. A lot of the legwork and due diligence has already been done.

But while Somalia is in a state of chaos, the Puntland region is a relatively peaceful oasis that sees very little violence.

Somalia Watch reports that Puntland is a "stable, peaceful, self-governing regional State with a well functioning public administration firmly in place." And the U.N. Refugee Agency (UNHCR) agrees, stating that in contrast to the turmoil in Mogadishu, Puntland remains stable.

In addition, my source in East Africa personally conducted a trip into the heart of Puntland, where he met with the oil minister, the finance minister, and a tribal elder. He also visited Oil Raider's newly acquired sites and reports that there is no fighting in the area.

That means oil operations will not be subject to the same level of instability that the rest of the country is experiencing.

[D-Runner]

Our future is definitely bright... happy 13th birthday my fellow Puntlanders and Ramadan Kareem.

[quark]

Happy anniversary D runner as for that article, that shows us what those TFG theives are all about and bottom line is we dont care about the deals they signed

[D-Runner]

What is clear in this article is how big oil companies refused to directly deal with our elites because of this Hawiye dominated TFG... big mistake on their part though because with Range Resources, Puntland has made a strong statement and that is its willing to partner with anyone will to go to Puntland and drill no matter the cause. Our lost will heal once the black gold is acquired but for now our only option is really to take the backseat since were not the ones coughing up the money to get the needed international drilling and drilling related contractors willing to participate in operations in Puntland.

I have full confidence in Farole... may he get a second, third, and fourth term, amiin.

[union]

Any energy company that does not operate with the full consent and knowledge of the federal government needs to be banned from Somali soil.

[D-Runner]

If you have the balls to do that come and try. Puntland is under the direct control of Farole, not the donkey.

[Aseelah-Raaida]

If you have the balls to do that come and try. Puntland is under the direct control of Farole, not the donkey.

[CismanMaxamud1]

If you have the balls to do that come and try. Puntland is under the direct control of Farole, not the donkey.

[FBISOMALIA]

the article its not new we all know somalia oil in puntland soil and no one will stop us viva puntland ha nolato

Any energy company that does not operate with the full consent and knowledge of the federal government needs to be banned from Somali soil.

care for you own business buddy

[union]

the article its not new we all know somalia oil in puntland soil and no one will stop us viva puntland ha nolato

Any energy company that does not operate with the full consent and knowledge of the federal government needs to be banned from Somali soil.

care for you own business buddy

Puntland is my business. Actually, it will become every Somalis business when that oil is struck.

19 billion barrels
If they're sold for 100$ each
I am thinking about 800 billion in revenue?
Give or take that will leave Somalis with about 300 billion ( subtracting the few hundred billion for the companies, and the other few billion that will inevitably disappear)

So how can we divide 300 billion by about 10,000,000?

[CismanMaxamud1]

When South Somalia gives Puntland something in exchange ( their natural resources) we can talk, until then you aint getting a dime. Are you going to come to Puntland to stop us, don't make me laugh, Shiekh shariff and his malnourished troops wont and cant do jack shit

[union]

Brute force isn't the only way the world works my dear. Shiek Sharif is still the the international recognized head of government of Somalia, and a simply sealed letter to his colleagues goes a long way. I'm sure a letter to the Australian government can freeze the assets of that sham company, what's it called...Range resources?

[FBISOMALIA]

Brute force isn't the only way the world works my dear. Shiek Sharif is still the the international recognized head of government of Somalia, and a simply sealed letter to his colleagues goes a long way. I'm sure a letter to the Australian government can freeze the assets of that sham company, what's it called...Range resources?

what about china company's or Canada is your sheikh dalxiss has power on them

puntland its federal state and we have our hands in your TFG by PM or parliament , so your ways its block

[Coeus]

Brute force isn't the only way the world works my dear. Shiek Sharif is still the the international recognized head of government of Somalia, and a simply sealed letter to his colleagues goes a long way. I'm sure a letter to the Australian government can freeze the assets of that sham company, what's it called...Range resources?

[Monk-of-Mogadishu]

These guys gave Sheikh Hotel something he doesn't have----a brain.