The buzz of Puntland oil has gone from the cafes of Puntland’s towns and cities to the hotel lobbies and public meeting squares of Nairobi and other global cities where Somalis are prominent.
Updates were the topic of discussion. Somalis worldwide have been glued to the global market as Dharoor Valley exploration companies Red Emperor Resources, Range Resources, Horn Petroleum, and Africa Oil took the headlines in financial news, and communities both at home and abroad are awaiting news at any moment.
This is the first time that the Somali community has taken to the financial, foreign angle of oil exploration in their country, looking at how the global marketplace is reacting to their nation’s potential treasures.
Speaking to friends and family in Nairobi, we’ve been told that an imminent update, perhaps more than one on the same subject, is expected very soon, and that the anticipated report is to be nothing less than spectacular.
Aside from local opinions and expectations, the massive buying frenzy and stock mobility shown by the exploration firms in Puntland is expected to trigger releases.
Hirsi Fiqi, Editor
DissidentNation.com
RMP Price at posting:
57.5¢ Sentiment: ST Buy Disclosure: Held
