Taxi! Range gets a fair go in Puntland

[Abtigiis]

Taxi! Range gets a fair go in Puntland

MARK HAWTHORNE

Sydney Morning Herald

December 14, 2009

 

YOU have to admire some of those punters in Range Resources who just happened to get lucky again, this time thanks to a Melbourne cabbie.

 

Range is the mineral explorer that struck a deal with the pirate state of Puntland in Somalia, and has been spruiking for a couple of years that it will deliver oil.

 

Just how the company plans to sail its promised oil through seas patrolled by heavily armed pirates remains something of a mystery.

 

There have been more downs than ups for shareholders, but times have been especially tough of late following a change of leadership in Puntland.

 

In January, former La Trobe University PhD candidate and part-time Silver Top Taxis driver Abdirahman Mohamed Farole, 63, became president of Puntland.

 

Farole, who has spent much of the past 10 years living in Melbourne's northern suburbs, has been critical of Range's dealings in his homeland, and the company's share price slipped on news of his election win this year. Until early last week, that is.

 

About a million shares a day have been traded in Range over the past month, at about 3.5¢ a share.

 

But the excitement began on Tuesday when about 11 million shares changed hands on one of the company's biggest days of trading this year.

 

On Wednesday, trading volumes touched 5 million, with Range creeping up to 3.7¢ a share, before it was put in a trading halt on Thursday morning.

 

The news? A peace deal has been struck with the former Melbourne taxi driver.

 

The ASX was informed yesterday that Range, its joint-venture partner in Somalia, Africa Oil, and the Puntland state of Somalia have agreed to amend the terms of the existing production sharing agreements that were made for the Dharoor and Nugaal Valley exploration areas.

 

In a nutshell, the exploration licences on those blocks were due to expire next month, but have been extended to January 2011. Africa Oil, which owns 65 per cent of the JV, will also be allowed to drill two exploratory wells. In return, Range and Africa Oil will return 25 per cent of the area they have rights to.

 

Range soared 24 per cent on the news, opening at 4.6¢ a share, and an astonishing 49 million shares changed hands - the biggest single day of trading in Range since April 2007. It pays to listen to your cabbie.

 

Source: Sydney Morning Herald

[UZTAAD]

the author is ****** racist he is calling honorable president a cabbie .

[Qudhac]

shimbirayahow heesa.... heesa heesa heesa

 

oo hees wanaagsan heesan

[Saalax]

there is nothing wrong with Ex cabbies becoming presidents heck we even have ex school teacher becoming a president in (Somalia).

[rudy-Diiriye]

Yup! there is definitely something wrong with a person who has a degree and dont have the guts or the mind to look for job in their field!!!!

 

The somali community is inundated with these losers and they are usually faaraxs. Xalimos will find a job in her field even if she has to move to another planet! lol

 

OK! so Mr. Middle-finger was a TD in down under???...so how many times did he get a THE BIRD from his passengers!! lol.

 

Well...it just goes to show you how low the bars are these days to become a leader in Somalia. Uncle Middle-fingers, Unle Yeeye, Uncle Riyaale, Uncle douche-bag in Djbouti, and the Ugandese trash bag in Xamar are all from the same cesspool.

 

Place where a filthy, disgusting, or morally corrupted, clan polluted minds are in abundance. No wonder they are even hated by somalis of their own clans once people see how dumb they are.

 

God Bless somalia --- gbs

[who-me]

^ You are being shallow here and nothing is wrong with someone doing menial part time jobs to fund their education.

[rudy-Diiriye]

i am sure that you havent seen tds becoming presidents in the advanced nations of this planet!

 

So, if somalis wanna compete with other nations and become a successful nation, then we gotta up the bar and chose leaders with higher professions

and not a loser clan uncle.

[ElPunto]

^If we up the bar then you won't be able to be President Rudy

[SayidSomal]

^maybe we should choose one with STD so long as they are not clanist - just like you, to advance the nation

[ElPunto]

^You talking to Rudy or me? Anyway not sure that STD has a place in kaftan.

[Liqaye]

s*s how do you know rudy has an STD?

[Liqaye]

and why is the writer a racist? Misee faroole's previous occupation is reserved for blacks? Which patently is not?

[Abwaan]

Originally posted by UZTAAD:

the author is ****** racist he is calling honorable president a cabbie .

CABBIE waa shaqo and it only becomes bad markii nin ummulo-gaad ahaan jirey uu shaqadiisii ka faano...atleast kuwa tuugsada oo cayrta daldasha ayey dhaamaan...

[rudy-Diiriye]

the name liqaye has so many connotations! so if i was u, i wont go there!! lol.. dont dig a hole for yourself that u cant get out of.

 

However, try to get on the plate and come up with lil bit more intelligent remarks. shake it up bro!

[Liqaye]

oy rudy perhaps if you read the context i asked my question you would realise that it was meant to expose the paucity of s*s post i believe we can be civil in discourse.

 

Liqaye has only one connotation in somali, haadi aad si kale u fahamtay ino sheeg, I am sure it will illuminate the way you think about things for all of us to benefit.

 

Talabad why do you ask for intelligence form others on SOL, when your entire contribution revolves around word play on faroole name or condemnation of every one who doesnt support al sabaab to disco hell!