PL talking to the govt about offshore. AOI about onshore.
"Other than potential implications on insurance costs, we don't think piracy has a huge impact. A number of vessels have been attacked offshore but they haven't had escorts," Range's executive director Peter Landau told Reuters late on 19 May. He said that he would visit Puntland in the next few weeks to meet its leadership and discuss oil and gas projects. "If you're going to do offshore seismic then you would only do it with the support of the Puntland government and the seismic vessel will have an armed escort, preferably a government vessel," Landau said by telephone from Dubai. Onshore, he added, Range's joint venture partner Africa Oil Corp is also in talks with the Puntland authorities and hopes to begin drilling in the fourth quarter of 2009.
RRS Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
