We need proper men to lead and those who will listen
Maybe you can join the latter with your talents and smarts
I will never enter politics
What Happened to the oil exploration in puntland
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I will never enter politics
The companies exited they had absurd expectations but it put Puntland on the map it was worth it any day of the week.
Why did they exit they found oil and the drill was successful
It was unsuccessful and they lacked funds to proceed meanwhile if anything was found there would be the old companies ConocoPhillips and Chevron to deal with because they would claim their exploration rights with Mogadishu. So these small companies wanted to take advantage of the uncertainty and sell off the exploration rights to the larger companies they never really intended to export oil they were very small companies but kudos to them for taking a risk and the massive hype which continues till this day
Yeah good for them I can't wait for the government of somalia to start drilling oil in 2020
Where do you get the source from 2020?
RasCanjero-
Self imposed exile
There are over a 100 companies that have the technology to survey and find oil and gas.
If the Somali government just scraped together a few hundred million I'm sure we could acquire one of those companies or the technology we need.
Why give away 90% when we could find the oil ourselves, sell some of the blocks and fund our own oil & gas company?
Nope let's beg foreigners to do all the work for us and dream about how we'll eat good in 3 years (even though these operations take a decade...).
That's true however we could go the Saudi way and get so rich that we buy the company that previously was stealing our oil
There are over a 100 companies that have the technology to survey and find oil and gas.
If the Somali government just scraped together a few hundred million I'm sure we could acquire one of those companies or the technology we need.
Why give away 90% when we could find the oil ourselves, sell some of the blocks and fund our own oil & gas company?
Nope let's beg foreigners to do all the work for us and dream about how we'll eat good in 3 years (even though these operations take a decade...).
RasCanjero-
Self imposed exile
Yet it's something that happened before the Saudi did it in less than 30 years yeah it may suck at first but you have to think about long term profit
That facepalm in my prev post was mainly directed towards your naive bs.
oil in puntland:siilaanyolaugh:
That article dated back in 2014. We’re now in 2017 with a new president and government!
RasCanjero-
Self imposed exile
Long term profit in the age of electric cars and natural gas?In a decade the price of oil will barely go beyond the extraction cost.
I'd rather wish we had natural gas which we could use domestically.
I wouldn't mind selling 90% of our resources if it could help us build our industries and train our people.
However dreaming these bs oil deals would end up helping Somalia is delusional.
I don't know about the new administration
Bro we've been waiting since May for a new episode, keep your subscriber base strong by uploading frequently
Yes. But its a shame they arent wise enough to learn from it!
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