Farm
VIP
That 40 million number was a offhand remark and I couldn't find a source for it from the article.
I've already said they spent money on the survey's but that figure has probably been pushed up to increase the value of their offerings.
I know the original company used less than 20 million but weren't able to sell their data for years.
That should tell us something about the oil prospects in Somalia.
Somaoil just plans to pump and dump a speculative offering and they planned to make our corrupt government accomplices by bribing some of them.
Not sure what they have in store or who replaced them after they gotten their man in the PM seat.
International law firm Stephenson Harwood has advised Soma Oil & Gas Holdings Limited ("Soma") on an equity investment of US$50 million from private equity investment company Winter Sky. The funding will enable Soma to take forward the initial stages of an exploration programme, agreed with the Federal Republic of Somalia in 2013, to develop the country's energy sector.
http://www.shlegal.com/news-insight...-soma-oil-and-gas-on-us$50-million-investment
I’ve provided many sources, you haven’t provided one and instead all you’ve done is make unsubstantiated claims. We know Soma is corrupt but they have invested.
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