I seen $52 million to rrl and seen something somewhere about rmp and 20% interest. i do see loads off bb referencing u and glad u are here to clarify. can i ask the situation with rmp and Georgia? Thanks
Please show me where I stated RMP will receive circa £15million for its share of Georgia?
This is the main reason why I stay off these public boards, many posters fabricate things from my original postings into a load of rubbish then post them all over the place like Chinese whispers, ultimately trying to make me look like fool.
Think I will stick to being silent amongst the public boards and share my information with the good and appreciative folk elsewhere that do not twist what I say.
Market Talk's insight: Somalia: Puntland Govt rebuffs Oil, Gas exploration deal with Dutch company 21 Jun 21, 2014 - 9:17:23 AM
GAROWE, Somalia June 21, 2013 (Garowe Online)-Somalia's Northeastern State of Puntland has rebuffed oil and gas exploration deal that was struck with Anglo-Dutch oil company Shell PLC by Federal Government of Somalia, Garowe Online reports.
Speaking on BBC Somali Service, Puntland's Petroleum and Minerals Agency Director-General Isse Mohamud Farah (Dhollowaa) said ‘Puntland has a full authority to exploit its natural resources without prior approval', calling on Mogadishu-based Federal Government to abide by Provisional Federal Constitution (PFC).
In response to an agreement in which the Somali Federal Government signed with Royal Dutch Shell PLC on Friday, Dhollawaa regarded the new oil deal as invalid after blocks in Puntland were included in the consensus on the return of Shell to Somalia.
"They [Somalia Federal Government officials] commenced to enter into agreements with their favorite side, they can't bring any [company] and they can't exert influence over a functioning administration," said Puntland's Petroleum Agency Chief. "The state remains under the control of Puntland government not Mogadishu and I shoulder those responsibilities".
Following the removal of Al Qaeda linked Al Shabaab group from string of strategic towns in central and southern Somalia, foreign oil companies have been weighing return to the war-ravaged horn of Africa nation.
Under the incumbency of Dr. Abdirahman Farole, Puntland suspended cooperation with Mogadishu-based Federal Government in a row over Federal constitution and Foreign aid in August 2013.
Ok genie so u think that rmp is going to get circa £15million for its 20% share of Georgia? Plus current cash gives rmp £20 million in the bank and puntland assets in addition. 8p would be cash levels alone which puts rmp in a solid position. I think shall gas in the UK would be a good move for rmp to give high upside and relatively low cost drilling. the future looks bright here but finding it hard to see us getting that sort of money for georgia
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