attempt to take back puntland oil field

radicals associated with the IUC attempted to attack the 10000 BOPD facility in Nogal Valley Puntland. the radicals were slaughtered in the process as the facility is the Puntaland's goverments only source of income and as such is heavily guarded by the entire Puntland army. Shares in Canadian company canmex as operator of the oilfield fell from $33 to $29 in early morning trade. Range Resources the Australian owner of all Puntlan Mineral and Oil rights and 20% free carried at Nogal fell from $7.50 to $6.79 on AIM on the news. No oil production was lost during the raid.

reuters