Oil in the Land of Punt?

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RF
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Oil in the Land of Punt?

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It was reported a few days ago through the Regulatory News Service of the London Stock Exchange that two small British based oil companies had been granted prospecting licences by the Somali government to search for oil in the area known as the land of Punt, the former colony of British Somaliland, scene of Italy's only (and short lived) military victory of WW2.
It is believed that substantial reserves of oil lie under the desert wasteland of this north west corner of the Somali Republic, which has escaped most of the conflict in the Somali Civil War that has raged over the last few years in the former Italian colonial area of the country.
Well we shall see whether there is oil - no doubt the US Administation, given the record of its predecessors, will be paying close attention to Somalia.
''Give me a Ping and one Ping only'' - Sean Connery.
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