Oil in the Mekong Delta and Pirates in the Malacca Straits
By Christian DeHaemer, Editor in Chief, Crisis Trader
Saturday Aug 04, 2007
In last Saturday’s Financial Times there was an article titled, “China gambles on Somalia's unseen oil.” As you may be aware, Crisis Trader put out a special report on Somalian oil more than two months ago. (You can access that here.)
The article said that “CNOOC's (CEO:NYSE) willingness to strike an oil deal with the fragile government of Somalia, which has been a failed state for more than a decade, has provided stark evidence of China's willingness to brave terrain that Western oil majors deem too treacherous.”
It also does something else. It says that the time is right to try again; that Somalia’s lost oil reserves have real value. Therefore, the oil rights have value. Crisis Trader has discovered the company that owns all the rights to northern Somalian oil. It currently trades under $1. An independent analyst recently put a price target at $7. And the hedge fund manager who drew a $750 million paycheck last year, Paul Tudor Jones, just made a significant investment.
Read the special report before this story is picked up by the rest of the major media.
