.

As I have also said before, don't expect good news to necessarily move the sp very much at the moment. Market sentiment is low and reason is being forfeited for fear.

Chris - I'm still in profit on the 25% of my original stake - having sold twice higher up, when it was flavour of the month. I'll hold the remainder regardless - just in case :-)

I am sitting long term, not fussed. Made a lot of money early in the year.

Most companies are now in the same boat. Its only Greece not one of the big boys.

But - Greece is the word.

Peter Landau: Long term strategy is interesting; were not into empire building. Clearly we think the patience of investors in this current world has probably shortened from two years to two days. So were more into short term impact, high impact high return quickly. So to give you an example, obviously Texas if the P3s go to P1 and P2, well look to monetise and liquidate those assets and do a capital return or share buy-back to shareholders.

Similarly I think the only asset we will hold onto would definitely be Trinidad because thats going to be a three year development play. But if there is an offer that is commensurate with the return on the investment, if Somalia, or Puntland or Georgia come in, wed definitely look to obviously capitalise on that and return it to shareholders.

Video of Peter Landau

http://hotcopper.com.au/post_single.asp?fid=1&tid=1569449&msgid=8985438

Thanks dc good watch, PL comes over clear concise and confident, Don't think we could have anybody better running RRL...

just the crap market gb. As investors we will have money back as well.

Pleased we are drilling as I press the keys. Money will return for the drill results.

Dow up over 100 points, bodes well for Wednesday

RRL down 3.03% on the ASX

RRS up 6.67% 0n the ASX

http://www.somaliareport.com/index.php/post/1711/Puntland_AntiPiracy_Program_Gets_Massive_Supply

I see JP Morgan have increased their stake

Annual Financial Report 30/09/2010
JP Morgan Nominees Australia Limited 22,810,844 1.96%

Annual Financial Report 03/10/2011
JP Morgan Nominees Australia Limited 35,316,675 2.06%

There is talk we are now 6 wells in TT. Report was promised this week,Could be Friday or early next week.

RRL up 6.25% on the ASX

Thanks dc nice rise on the ASX, Yes due some news will it be today?..

Up 2.71%

No grannyboy.lol good weekend