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Goings on on in Southern Somalia
Kilimanjaro Moves Forward With Somalia ACA Block-Proven Probable 20 Millions Barrels of Oil: Kilimanjaro (KIMJF) is Petitioning World Bank to Continue Funding
http://online.wsj.com/article/PR-CO-20140402-905796.html?mod=googlenews_wsj
37 Cents Net Asset Value Per Share!
$187 million divided by 500 million shares
This is crazy undervalue and that asset value is ONLY the Somalia oil and gas block
Serious Undervalued based on comparables
Similar Oil Companies in Somalia
RGRYY .57
HPMCF .30
AOIFF 6.92
London GXG seems to require only Annual reporting - so that may be the glitch.
Somalia Oil Rush is Back
"During 1980s there was an “oil and gas exploration rush” to Somalia, driven by the country’s huge oil and gas potential. All eight major oil companies had concessions in Somalia and most of the onshore and offshore seismic were conducted. Late 1980, oil companies ceased their exploration and declared force majeure due to civil war."
The KIMJF block ONCE belonged to ARCO!
https://www.hiiraan.com/op4/2013/oct/41552/oil_and_gas_exploration_in_somalia_hope_and_challenge.aspx
Foreign reporting schedule most likely - F = Foreign - I imagine OTC will remind them.
The African Union seems favorable to Cabinda
http://www.irinnews.org/report/94572/angola-au-considers-looking-at-cabinda-claims
http://www.myvirtualpaper.com/doc/brookepattrick/african_energy_journal_june_2013/2013060701/34.html#34
Decsion on that case coming.
Uranium
There was a massive uranium find in Somalia years ago....800,000 tons?
http://news.google.com/newspapers?id=hbVWAAAAIBAJ&sjid=gOkDAAAAIBAJ&pg=7276,235261&dq=somalia&hl=en
Somalia - where is the oil?
The players seems to be moving into the middle of the country after dry holes in Puntland - Soma-Eurasian Drilling, Kilimanjaro (KIMJF) and rumours of Shell returning (RDS):
http://online.wsj.com/article/PR-CO-20140114-908368.html
http://www.bloomberg.com/news/2014-03-26/somalia-hopes-to-see-shell-return-in-2015-as-soma-tests-waters.htm
Somalia - where is the oil?
The players seems to be moving into the middle of the country after dry holes in Puntland - Soma-Eurasian Drilling, Kilimanjaro (KIMJF) and rumours of Shell returning (RDS):
http://online.wsj.com/article/PR-CO-20140114-908368.html
http://www.bloomberg.com/news/2014-03-26/somalia-hopes-to-see-shell-return-in-2015-as-soma-tests-waters.htm
Somalia - where is the oil?
The players seems to be moving into the middle of the country after dry holes in Puntland - Soma-Eurasian Drilling, Kilimanjaro (KIMJF) and rumours of Shell returning (RDS):
http://online.wsj.com/article/PR-CO-20140114-908368.html
http://www.bloomberg.com/news/2014-03-26/somalia-hopes-to-see-shell-return-in-2015-as-soma-tests-waters.htm
Invest Like a Pro
The pros love Emerging Frontier markets because of the HUGE potential returns:
"Professional money managers are scouring the world for oddball assets, desperate to find anything that moves to its own beat rather than rising and falling with everything else in the financial markets." - USA Today
"We think frontier markets are a particularly attractive emerging asset class," says Asha Mehta, portfolio manager at Acadian Asset Management, which invests mainly on behalf of institutions. "They offer inexpensive valuations first and foremost. They also have low correlations with other asset classes, including emerging markets, and offer prosperous long-term economic and earnings growth." - Bankrate
Somalia - where is the oil?
The players seems to be moving into the middle of the country after dry holes in Puntland - Soma-Eurasian Drilling, Kilimanjaro (KIMJF) and rumours of Shell returning (RDS):
http://online.wsj.com/article/PR-CO-20140114-908368.html
http://www.bloomberg.com/news/2014-03-26/somalia-hopes-to-see-shell-return-in-2015-as-soma-tests-waters.html
FORBES: Frontier Markets = Extreme $$$
"Frontier markets are the outliers. The term refers to countries that are not part of either the developed world or emerging market indices produced by index providers like MSCI and FTSE. They have attracted increasing attention in recent years, for several reasons: they offer diversification from developed and emerging markets, with limited correlation; they offer high potential returns, though obviously with heightened risk; and as emerging markets have lost favour, some capital has been allocated to markets that are even smaller but offer greater value."
http://www.forbes.com/sites/chriswright/2014/02/06/investing-the-final-frontier/