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Noting the bullish attitude of the American companies, Elmi said they all want the Hargesia exploration concession, as their geologists have concluded that it is the most likely site for a substantial find."

Concerning Conoco, Barrett's source "claims to have seen an internal document of Conoco (Somalia), which states that sites in the Garoe(garowe)-Las Anod area are capable of producing 300,000 barrels of oil per day. Conoco's drilling rig near Garoe is, we understand, technically outside the boundaries of former British Somaliland. However, if the presence of large quantities of oil is confirmed, the bulk of the Somali oilfield will probably lie under soil controlled by the SNM. A confirmed strike could pre-empt moves toward reconciliation by making it appear more likely to northerners that the 'Somaliland Republic' is a viable economic entity. It could also set off battles between clans for control of land where drilling is expected."

Interesting. Thanks for posting it Somalistan.