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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (2013)	2/4/2001 7:37:39 PM
From: Tomas	Read Replies (2) \| Respond to of 2742

"Somaliland has signed exploration agreements with Far Eastern oil companies" French oil company to explore Somalia BBC World Service Newsroom, Sunday February 4 The French oil group, TotalFinaElf, has signed an agreement with Somalia's transitional government to carry out oil exploration in the south of the country. The agreement was signed in Mogadishu on Saturday by Somalia's Water and Mineral Resources Minister, Hassan Abshir Farah, and the TotalFinaElf representative, Jean Francisco. Mr Farah said the companies would explore for oil in the southern region of Lower Shabelle and the Juba valley for one year. But the Somali warlord, Osman Hassan Ali "Atto", criticised the agreement as illegal and risky, saying the transitional government had no control over those areas and could not guarantee security there. The breakaway republics of Somaliland in the northwest and Puntland in the northeast have also signed exploration agreements with Far Eastern oil companies.