When it comes to Somali politics, there are many different agendas at work. Some media outlets are controlled by wealthy individuals with vested political and economic interests. The day prior to Garoweonline announcing Gedi's resignation, they claimed it would be Yusuf who would retire due to bad health. Most of the time, the sources for Garowe news articles decline to give their name. What does this tell you?
There is little doubt about the presence of elephant oil in the Range/AOI Puntland concessions but oil is no longer merely about companies but countries.
Small companies like Range make ideal vessels for developing projects at the early stages where risk is considered too high for the bigger player or political distancing is required.
Once an AOI drill bit hits the ground and the flow of black gold is announced, Range will be quickly swallowed up by the orchestrators behind the scene. IMO
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
