Pre-seismic surveys I would agree, but the Spectrum GEO study removed any doubt that vast quantities of black gold lies underneath Somalia’s soil and shores. Its also part of the gemstone belt that stretches to Mozambique, and most likely would yield the same offshore potential for gas as the latter. Its equal if not greater than Canada when it comes to Uranium reserves, rare Earth minerals, has huge potential for Salt works at Hafun, can generate 283GW in renewable energy from wind power alone, add to all of that the Blue Economy potential from ports, shipyards, fisheries, etc and its a joke that we are in this current situation.
In a no oil scenario but sound economic policies I think we could still push ourselves to a $150 - $300 billion economy, which would still put us comfortably above any other country in the region and make us competitive with the North African countries.
Look at Eritrea. Despite having a population of 3.5 million, they are a nightmare to Ethiopia's 120 million population.
