Government ratification of the Seismic Option Agreement
7 October 2013
On Thursday 3rd October 2013, the Prime Minister of the Government of the Federal Somali Republic (the Government) announced the ratification by the Governments Council of Ministers of the Seismic Option Agreement between Soma Oil & Gas and the Governments Ministry of National Resources.
Robert Sheppard, CEO of Soma Oil & Gas, said:
We are delighted that the Council of Ministers unanimously ratified the Seismic Option Agreement. The ratification moves the Company closer to fulfilling our ambition to assist Somalia in developing an active hydrocarbons sector that will attract significant foreign investment to the country.
Notes to Editors
Soma Oil & Gas was founded earlier this year expressly with a view to exploring in Somalia. Chief Executive, Robert Sheppard, a former senior executive of BP, Amoco and Sidanco, with over 40 years experience in the industry, joined the Company in May. Lord Howard of Lympne, former British Home Secretary and Leader of the Conservative Party, is the Companys Chairman.
For further information, please contact:
Ben Brewerton, Oliver Winters, Sara Powell +44 (0) 207 831 3113