Posted On: 05/01/2014 11:56:06 AM
Post# of 199
Soma Oil & Gas Holdings to be First to Test Somalia Billion Barrel Oil Trove Offshore
April 30, 2014 6:31 pm by: David Goldman
Soma Oil and Gas Holdings will be the first company to start exploration in Somalia.
The company has already raised funds for a 2D exploration programme offshore Somalia.
Soma Oil & Gas Holdings Limited secured an equity investment of US$50 million from Winter Sky early 2014.
In the concession, 3 directors of Private equity firm Winter Sky joined the board of Soma Oil.
Soma Oil secured a Seismic Option Agreement with the government of Somalia to explore oil offshore Somalia.
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