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Former BP Chief's New Quest: Wildcatting on the Edge of Danger Tony Hayward, After Deepwater Horizon Debacle, Seeks Oil in Somalia                               Nov. 11, 2013 11:01 p.m. ET A man looked for firewood in Somaliland. Agence France-Presse/Getty Images When London's Genel Energy GENL.LN -0.68% Genel Energy PLC U.K.: London GBp 949.50 -6.50 -0.68% Nov. 13, 2013 12:04 pm Volume : 82,094 ...
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Hydrocarbon potential of Somaliland

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Hydrocarbon potential of Somaliland M. Y. Ali* Introduction Somaliland (Northern Somalia) is situated on the northern side of the Horn of Africa with the Gulf of Aden to the north, Somalia to the east, Ethiopia to the south and west, and Djibouti to the north-west (Fig.1). The morphology of the country is typical of areas in extension, with basins and mountains of up to 2000 m. There is little folding, but much normal faulting, some of which has very great throws. These strong vertical movements have controlled the accommodation space available for sediment deposition since the Lower Jurassic. To date there have only been 21 wells drilled in Somaliland (19 onshore and two offshore), many of which were only stratigraphic tests (Fig. 2). In fact few of the wells evaluated the hydrocarbon potential of the country and the type of prospects in the drilled basins. In addition, modern seismic reflection surveying has had very limited application in Somaliland. Therefore, many pros...
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Mindesta to Earn Interest in Third Exploration Permit in SomalilandOTTAWA, CANADA, May 09, 2012 (MARKETWIRE via COMTEX) -- Mindesta Inc. ("Mindesta" or the "Company")MDST +9.09% wishes to announce that it now has an option to earn an interest in a third exploration permit in the Republic of Somaliland. Mindesta is already earning up to an 80 per cent interest in, and can ultimately acquire 100% of, the first two mineral exploration permits issued by the Republic of Somaliland under an existing Option Agreement with Nubian Gold Corporation ("Nubian"). Nubian was recently awarded a third permit, Abdul Qadir, which is approximately 2,000km2 in size and is located in the northeast part of Somaliland adjacent to the borders with Djibouti and Ethiopia. Abdul Qadir is automatically included in the Option Agreement pursuant to its terms with no change in expenditure requirements. Nubian has agreed with the government of Somaliland to reduce the size of the Arap...
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