Oil Exploration News

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It will be cleaned up.

If Odewayne has more oil than Jubbaland, I'm claiming Samaroon and flying to Togdheer in 24hours.

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felloff

FA'CASH GANG BABY
Somaliland is the only beacon of hope for Somali's across the country. Xamar has been busy bringing shame to the Somali name for the past 27 years +

The whole of the Somali peninsula is shit Somalinimo is the way forward but an adapted one
 

Bohol

VIP
@Duke of Bohol isn't this your oil?:patrice:
You sharing with Siilanyo or nah:patrice:


Who said we are sharing it with the outgoing Siil-anyo. His relatives can keep munching on porcupine Lol. If there is oil in the area the people it will benefit the most will be Oodweyne/Western Togdheer residents aka the locals.


Furthermore this man (Mohammed Yusuf Gurey) has around 20% stake in Sterling Energy.

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but hypothetically one could start funding for this with shares like pontus marine did for fishing

You need private investors.

Fishing is cheaper to get off the ground and scale up, unlike oil and gas exploration that demands billions of investment just to from seismic to go from drilling and exporting.

Outsourcing seismic doesn't mean people are incapable of doing it their own, just economically not feasible within an infant industry.

Same thing happened in Puntland, where outsourcing took place because it costs a fraction of doing it yourself. However once you start drilling, you definitely want the culture of public and private investing to increase because it's vital in protecting your supply chain.
 

felloff

FA'CASH GANG BABY
You need private investors.

Fishing is cheaper to get off the ground and scale up, unlike oil and gas exploration that demands billions of investment just to from seismic to go from drilling and exporting.

Outsourcing seismic doesn't mean people are incapable of doing it their own, just economically not feasible within an infant industry.

Same thing happened in Puntland, where outsourcing took place because it costs a fraction of doing it yourself. However once you start drilling, you definitely want the culture of public and private investing to increase because it's vital in protecting your supply chain.

they 10.000 somali plan is useful could restart somalita and somali airways with that maybe more stuff. Yh oil is hard but airlines is a gold mine too Turkish makes a killing of Mogadishu
 
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