if the downramp crew worked for the light side

.....instead of the dark side, this is the kind of stuff below they may conjure up instead.

Pls note: Christian DeHaemer is employed by Taipan Financial Group and has a vested interest in the stocks he writes on.

Pls do not buy or sell based on anything one person writes or says - Do Your Own Research.



2007-11-06 08:48:33

The Next Frontier in Oil Exploration

By Christian DeHaemer

Political turmoil, financial upheaval, social unrest, coups d’état, Third World civil wars, and bloody rebel uprisings often have one thing in common: They spawn unfathomable wealth. In many cases, one country’s extreme pain is the savvy trader’s gain. Consider the collapse of the Soviet Union...

For years, the communist Soviet government had controlled everything. But suddenly, the government disappeared... and entire industries were up for grabs! Most people stood back and waited for things to get sorted out. But a small group of bold entrepreneurs (known as “oligarchs”) exploited the chaos to amass tremendous personal fortunes.

Their methods hardly distinguishable from what's called organized elsewhere, they used bribery, corruption and even murder to seize multibillion-dollar industries -- oil, natural gas, nickel, metals and media -- for pennies on the dollar! Laughing all the way to the bank.

The point I’m making is not a moral one. It is simply this: Today, the oligarchs are among the world’s richest men. They went from bread lines to boardrooms, almost overnight, simply because they had the courage to exploit crisis.

Scenarios like the collapse of the Soviet Union are playing out every month all over the world.

One of them is taking place as we speak, in Africa. While you are well aware of the global run on oil, you may not realize that this frantic quest for oil has pushed exploration companies into some of the most hostile and unstable parts of Africa.

According to the International Herald Tribune, Africa is in the midst of a veritable oil boom, with companies and governments pouring $50 billion into projects that may double the continent’s oil output in the next decade.

Has the Dark Continent paid off? You better believe it! At least for shareholders in some select companies. Soco International secured an oil deal in Libya, sending its stock soaring over 1,200%. Heritage Oil discovered oil in Uganda, sending its stock surging to a 600% gain.

Of course, the competition is fierce. And with China grabbing up all the oil blocks around Heritage’s Uganda discovery, attention is now turning to Africa’s most violent and unstable country: Somalia.

Back in the late 1980s, Somalia was considered one of the hottest oil exploration spots on the planet. And in a 1991 World Bank study, the world’s leading geologists put Somalia at the top of the list of prospective commercial oil producers.

That’s because Somalia used to be attached to Yemen, before the Great Rift ripped up the Saudi peninsula from Africa, thus creating the Red Sea (about 300 million years ago). According to the U.S. Department of Energy, Yemen has proven oil reserves of roughly 6 billion barrels. And based on Somalia’s similar terrain and close proximity to Yemen, experts believe that Somalia is also brimming with sweet crude.

The Los Angeles Times calls Somalia’s oil reserves a “prospective fortune.” And the Energy Bulletin calls Somalia “oil rich.” But it’s the surrounding area of Puntland that you need to know about.

Puntland occupies the northeast tip of Somalia. It is right on Africa’s Horn, directly across from oil-rich Yemen! Because of its location, experts believe Puntland is sitting on the bulk of Somalia’s oil wealth. In fact, based on oil exploration conducted in the Puntland region during the 1980s by Conoco, it is believed that Puntland hosts a billion barrels of recoverable oil!

Now here’s the thing: I’ve found a small company that has secured a contract with the Republic of Puntland to retrieve those billion barrels of oil. And get this: Not only did the companysecure an oil deal, it also landed an exclusive contract for 100% of the oil and minerals in Puntland, including oil, coal, uranium, silver, iron ore, copper, lead, natural gas... everything.

With oil prices at around $67 per barrel, the petroleum side of this deal could be worth $67 billion. And that doesn’t even include the potentially massive supply of uranium, silver, copper and other commodities that Puntland is sitting on.

I could go on and on about this company and the mass amount of oil reserves they are going to soon be drilling for.

Courtesy: Dynamic Market Alert

link: http://www.commodityonline.com/newnews.php?id=1492


cheers
Marny