GaadhHaye Posted February 26, 2014 AFRICAN ENERGY Soma Oil & Gas, led by former UK Conservative party leader Michael Howard, has secured an equity investment of $50m from British Virgin Islands-registered private investment company Winter Sky. Soma has an agreement with the Somali Federal Government to acquire substantial acreage in exchange for shooting seismic, (AE 261/4), and says the funding means it can finalise a contract for a planned 2D exploration programme. “Negotiations with a small number of seismic contractors are at an advanced stage, and Soma expects to make an appointment soon. The seismic work programme will commence within Q1 2014,” a company spokeswoman told African Energy. Issue 270, 30 January, 2014 Quote Share this post Link to post Share on other sites
