Somalia Oil Influences London Stock Exchange

[waryaa]

Yet another somalia oil topic

Views from the Trading Floor - Featuring Red Emperor, Range Resources and UK Coal

Red Emperor Resources (LON:RMP) and Range Resources (LON:RRL) were very active once again today, after bulletin boards were speculating that the current drilling programme in Puntland Somalia may have intersected oil at shallower horizons than pre drill estimates. Of course this sort of speculation must be taken with a large pinch of salt, but the retail market were chomping at the bit for both. Red Emperor were trading 16% better at 43p while Range Resources were trading 12.5% better at 14.5p.

http://www.proactiveinvestors.co.uk/col ... -8666.html

[mody21]

this is a double edged sword, but I doubt somali could be any worse off have you seen the state of our country lately?.

[Eaglehawk]

Having look at it, these two companies are failing companies, I really though this puntland oil was for real but it’s clear to me now these companies are after even the most minimum deposit of oil that normally would be considered commercially not viable.
I was surprised when i heard puntland oil will be shiped to UAE and that it be will be refined there

it looks like the market aint buying their "oil in punland" for the past few years, because the trade volume and the share price indicate that there isn`t much invester convidence in their activities.
what do the investors know that the general public doesn`t know is my questions because everybody loves quick buck
These sorts of companies are day trader’s wet dreams and long term investor’s nightmare



simply this should have aroused the market majorly