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Range Resource and Puntland
Posted: Fri Feb 08, 2008 9:23 pm
by neocon_2007
Re: Range Resource and Puntland
Posted: Fri Feb 08, 2008 9:47 pm
by AbdiWahab252
Puntland got sold for 50 million dollars only.
What a rip off !
Re: Range Resource and Puntland
Posted: Fri Feb 08, 2008 9:49 pm
by Adan*5
It seems the Western Range Resource is going to loosethe battle against Abdullihai Yusufs and Zenawis deal with the powerfull Chinese backers
Re: Range Resource and Puntland
Posted: Fri Feb 08, 2008 9:50 pm
by neocon_2007
Yeah but then again didnt Yusuf back this deal?
Re: Range Resource and Puntland
Posted: Fri Feb 08, 2008 9:52 pm
by Adan*5
Yes but he is made to prefer the chinese one which is more lucrative than the tiny Range resource
Re: Range Resource and Puntland
Posted: Fri Feb 08, 2008 10:11 pm
by Atomic
The chineese deal is for north mudug, the range resource have sold the rights to the basins to africaoil corp(
http://www.africaoilcorp.com/s/Home.asp) and they are drilling in bari and nugaal. If and when oil is found, more than likely there will be revenue sharing between puntland and the company.