PUNTLAND EVEN RICHER

Somaliman% · Post by **Somaliman%** » Sat Oct 14, 2006 7:03 am

Range resources on Somali oil hunt
October 12, 2006

AUSTRALIAN resources explorer Range Resources has signed a $US50 million ($67.50 million) deal with Canadian-based Canmex Minerals to help it look for oil in Somalia.

Canmex will be the operator of the exploration, which is located in the northeastern state of Puntland, and has to complete a minimum of four exploration wells to secure an 80 per cent stake in the project.

A production sharing agreement is expected to be finalised between Range, Canmex and the Puntland government by the end of next month.

Melbourne-based Range is exploring for oil, gas, nickel and uranium in Western Australia, Peru and Puntland.

Shares in Range gained 0.3 of a cent to 3.2 cents by 1329 AEST

Libah86 · Post by **Libah86** » Sat Oct 14, 2006 8:28 am

source of information Question

fake news again

Somaliman% · Post by **Somaliman%** » Sat Oct 14, 2006 8:39 am

hows it fake.........what is it to good to be true or is hate and jelousy for puntland making u cry....face it we will be the new dubai of east africa........

biko · Post by **biko** » Sat Oct 14, 2006 8:42 am

[quote="Somaliman%"]face it we will be the new dubai of east africa........[/quote]

Laughing

Libah86 · Post by **Libah86** » Sat Oct 14, 2006 8:44 am

[quote="Somaliman%"]hows it fake.........what is it to good to be true or is hate and jelousy for puntland making u cry....face it we will be the new dubai of east africa........[/quote]

where the link then am not hating

go make fake news you should work for lascanodnews Laughing

Somaliman% · Post by **Somaliman%** » Sat Oct 14, 2006 8:56 am

u think fake? huh? well this news is being reported by every news corporation....even yahoo............

http://biz.yahoo.com/ccn/061011/2006101 ... .html?.v=1

Intruder · Post by **Intruder** » Sat Oct 14, 2006 9:41 am

Counting your chickens before they hatch.

How are you rich? Never mind richerÂ….

Typical Jareerten faan.

It wouldn't be surprising if this is a cover for more nuke waste burial in Punaniland.

Xplosive · Post by **Xplosive** » Sat Oct 14, 2006 9:42 am

You're a doqon. Those shirkado will get between 80-85% of the revenue, Cadde and a few others will keep the rest. This will lead to further tensions in Puntland.

Puntland is not a dowlad, Cadde has no right to sign off the resources of Somalia. Bal arka tan ka raacda...

Somaliman% · Post by **Somaliman%** » Sat Oct 14, 2006 9:54 am

correction puntland has a dowlad and can sign of the resources of puntland not somalia... ........why not they are the government elected by the people.........do we have federal government that is doing something for somalia.... nooooooo....so as long as theres no proper government in somalia then puntland can do anything to develope its land......?
and so what if it's 80% can u get something better? i dont think any company will invest in somalia because of the security situation. so we'r lucky to even have them and what ever it is 20 or 30% and it's going to puntland thats good........it's our resources........whats the point if we never explore it? and if theres alot of oil then obviously more companies would be interested and the price will be higher..........
and it will not go 2 cade muse as his a respectful leader looking out for the interest of his people.......this will only create more jobs...for the people......and puntland already has a good economy coming from the port which gets like 1 million a day?
so if ur a true puntlanders then you'd be happy for the developement your country is making?

and stop waiting for dowlad there is no dowlad..it will never come..and as soon as abdulahi yusuf government is over...puntland should seek recognition.......
amiin

Intruder · Post by **Intruder** » Sat Oct 14, 2006 9:59 am

[quote="Somaliman%"]......and puntland already has a good economy coming from the port which gets like 1 million a day?
[/quote]

That's gotta be in Shillings, right?

Somaliman% · Post by **Somaliman%** » Sat Oct 14, 2006 10:01 am

you must be mistaking it for berbera? Laughing

Intruder · Post by **Intruder** » Sat Oct 14, 2006 10:02 am

That was a question in case you did not get it.

Somaliman% · Post by **Somaliman%** » Sat Oct 14, 2006 10:04 am

well maybe if your abit intellectual then i would answer you?
i dont respond to silly and absurd questions?

Intruder · Post by **Intruder** » Sat Oct 14, 2006 10:08 am

Since you can't answer, then will chuck it to be another Jareerten faan.

Just like this one

http://somalinet.com/phalbums/albums/us ... asso_2.JPG

http://somalinet.com/phalbums/albums/us ... ssasso.JPG

Xplosive · Post by **Xplosive** » Sat Oct 14, 2006 10:09 am

Clearly you have no knowledge of Politics. This will backfire on Cadde.

Dont tell me you seriously think anyone besides Cadde and the company will benifit from this.

[quote]and so what if it's 80% can u get something better? i dont think any company will invest in somalia because of the security situation[/quote]

Imagine having you as a lawyer Laughing

You cant negotiate worth shit. You have that typical adoon mentality that most African leaders have.

Look, we are in a time where ressources are scarce and every company/government is willing to invest loads of money on projects even though the outcomes are uncertain. Ten years ago no company would be willing to take the risk of losing money by investing in what could turn out to be nothing. The dumbfock Cadde didnt even take the time to search the market or negotiate but took the first offer he got.

Nomatter what you think, Puntland is not a Dowlad (recognized country) and any deal Cadde has signed with that tuug company is worthless in the eyes of the international community. Once Somalia is stabelized RR will be told to fock off.

By the way, Cadde has no authority over the lands he is trying to explore. You know what happened last time. Very Happy

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