well, per discussion in Worldstock today due to leak in the RNS issued today. appaarently RRL will get 30m and RMP could be the same or slightly less. anyway, the payment could be with us as soon as tomorrow/next week
potential news next month: - Georgia sale completed - RMP acquire a new deal/asset within UK oil and gas - Somalia approved and recognised licence in Puntland - Farm in Partner (could be BP) for Puntland, reducing RMP stake to 10%, getting more cash and free carry - Dharor seismic - Nugaal spudding
seems some development and we may hear from it very soon. as soon as next month /week!!
HRN indicated that they have identified nugaal area drill ready for spudding (most likely on the side of Puntland instead of somaliland) and also ready to proceed with seismic in dharor BUT will not proceed until Federal Somalia recognises HRN licence in puntland. Keith has good relationship with both Somalia and Puntland and potentially HRN already found potential farm in partner for a stake in Puntland which will pay its cost of operation in Puntland. As mentioned by Greg B in meeting recently:
"Potential farm in partners have expressed a need to have this agreement [agreement between SFG and Puntland.] in place before any commitment"
Aug/Sep 2014: verbal confirmation by Federal Somalia as per G.Bandy "There has been a verbal agreement from SFG ministers in Abu Dhabi that PSA signed by JV will be allowed but Africa Oil could not get written confirmation."
20th October I believe Federal Somalia aiming to resolve issues with Puntland and recognises all oil agreement signed by Puntland, namely OUR DHAROR and NUGAAL. And perhaps offshore nugaal as well by mid October 2014.
This is because they will have somalia oil conference in London 20th Oct and as such, they wont have any success during the conference if they cant even agree with their own regional govn, namely puntland. http://www.somalia-oil-gas.com/
SO, as first step, we probably will hear news on our licence is recognised by federal somalia. This will then trigger HRN farming out to an international partner.
this will then followed by dharor seismic and potentially nugaal drilling (i know, a long shot on nugaal) should clan leader of Sool sided on puntland (henc
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