IVZ 2.90% 7.1¢ invictus energy ltd

If you're looking for a second - Aramco - you need to look to...

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    If you're looking for a second - Aramco - you need to look to the *geology of Somalia, Somalialand (Puntland), and Djibouti

    (* Estimated to be more oil than in the whole of Saudi Arabia (arrived/separated as result of tectonic Rift)

    Somaliland’s hydrocarbon potential?

    In 2020, Norwegian seismic survey company, TGS, estimated that Somali basin as a whole likely holds offshore reserves of about
    30 billion barrels, with additional onshore reserves, although land estimates are considerably less consistent.

    Assessments generally include Somaliland and would place Somalia reserves at about the same level as Kazakhstan, which would give the area the 18th or 19th largest reserve globally, as assessed in 2016.

    Geological conditions seem to support the view that there are likely to be commercially viable deposits in the region.

    Whether they prove close to estimates remains unknown at this stage.

    There is also evidence of offshore (undersea) reserves in the region, as well as onshore (beneath the land) in the Somali region of the neighbouring Ethiopia.

    https://www.ucl.ac.uk/news/2023/jan/opinion-somalilands-oil-find-could-reset-regional-balance-heres-how#:~:text=In%202020%2C%20Norwegian%20seismic%20survey,estimates%20are%20considerably%20less%20consistent.

    https://knowledge.energyinst.org/search/record?id=111486

    But - Al Shabab !!

    https://www.newarab.com/analysis/somalia-struggles-take-advantage-its-oil-reserves

 
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