The Voice Of Somaliland: Soma Petroleum Limited (SOMA) Announces Completion of Frankfurt Exchange Listing and SOMA/Equitable Mining Corp. LOI with HMH/DAK Mine Tailing Project

Friday, January 12, 2007

Soma Petroleum Limited (SOMA) Announces Completion of Frankfurt Exchange Listing and SOMA/Equitable Mining Corp. LOI with HMH/DAK Mine Tailing Project

TORONTO, /PRNewswire-FirstCall/ - Soma Petroleum Limited (SOMA), an oil and gas resource company is pleased to announce that it has commenced trading on the Frankfurt Stock Exchange ('FWB' - Frankfurter Wertpapierborse) in Germany under the trading symbol 'SA1'. The opening price is Euro 3.00.

SOMA is also pleased to announce that with Equitable Mining Corp. ('EQUITABLE', a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com), they have signed a joint Letter of Intent (LOI) with Dalian Aikete Wei Kuang Zhong He Li Yong You Xian Gong Si and HMH ('DAK/HMH') as a strategic partner in the further development of their PGM extraction plant in Dalian, Liaoning Province, China. This joint relationship will allow both SOMA/EQUITABLE and DAK/HMH to provide a long-term strategic partnership in this mining operation, which will impact increased production capacity.

ABOUT THE FRANKFURT STOCK EXCHANGE (FWB)

FWB(R)Frankfurter Wertpapierborse (Frankfurt Stock Exchange) is one of the world's largest trading centers for securities. Operated by the Deutsche Borse AG, FWB is the largest of the eight Germany stock exchanges. The Deutsche Borse's products and services portfolio cover the entire process chain including securities and derivatives trading, transaction settlement, the provision of market information, as well as the development and operation of electronic trading systems. For more information, visit the Deutsche Borse at: http://deutsche-boerse.com.

About Soma Petroleum Limited

Soma Petroleum Limited (SOMA) is a Canadian registered corporation that has interests in old and gas projects in the Horn of Africa. It has partnered with leading resources developers including Inter-Continental Petroleum Co. Ltd (ICPC), a China-based oil and gas exploration company. ICPC has an extensive international track record in oil and gas.

www.somapetroleum.com

Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects' , 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.

SOURCE Soma Petroleum Limited

Source: PR Newswire

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The New Somaliland Press & Publications Bill 2007

The Somaliland Government has recently sent to the House of Representatives a new Bill on press and publications. The provisions of this bill (based almost entirely on the Yemen Law No: 25 of 1990 on the Press & Publications) run contrary to international norms relating to freedom of expression and the independence of the press and are not in line with the Somaliland constitution.
The considerable powers given to the Minister of Information (and other ministers) include even deciding on appeals from anyone whose writings have been turned down for publication by a newspaper’s editor (Article 46). These ministerial powers over the press and publishers/printers/distributors etc, the compulsory registration of all press and publication activities, including the practice of the profession of journalism, and the extensive criminal sanctions which add to the existing array of criminal offences in the 1962 Somali Penal Code contrast sharply with the current Somaliland Press Law (2004), which contains no criminal sanctions and is based on codes of conduct. Unfortunately the Somaliland Government has repeatedly made clear its dissatisfaction with the current press Law and has used the Penal Code and extra-judicial powers to detain and imprison journalists. It is no surprise, therefore, that the Somaliland Government is not putting forward amendments of the current Press Law, but is now proposing its wholesale replacement by this new Bill which introduces considerable criminal sanctions, such as fines and imprisonment (Article 99) for the infringement of its numerous provisions, as well as prohibition of continued practice of journalism or publication or even circulation of printed materials; confiscation of property, including printing presses (Article 101) and seizure of printed materials (Article 102)..........Full Text

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The report is addressed to the President of the SDR, the Minister of Defence, and the Minister of Interior. The latter, Major-General Ahmed Suleiman Abdalla, is also a son-in-law of the President, and Third Deputy Prime Minister. Since President Barre is also the Minister of Defence -- the previous holder of that portfolio, General Mohamed Ali Samatar, having been promoted Prime Minister on January 30, 1987 -- the report is seemingly confined to family members. This would explain its extreme frankness in specifying certain clans as targets for implemented and recommended punitive action.
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Top Secret.......Read the rest