.

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

Horn Petroleum Corporation (HRN)

Exchange: TSX Venture Exchange

$1.050 Oct 7, 2011, 11:42 AM EDT Change: 0.150 (16.67%)

Thanks for the weeks reports DC, not been too good this week got bitten on Sat. night watching the musical firework display in Southport - ended up going to A and E on Monday so have been out of sorts with a horrendous right leg, (some horsefly took a liking to me) - no comments from the audience please as to where flies like to hang out. Hopefully news on RRL next week, at least it is blue. Have a good weekend all. Sorry about your sore back KO.

3 monkies, they do go for the legs. You have been through the wars. Did you take any piraton at the time, that takes the heat away. I was thinking you had not put a post on here for a while. You sound on the mend now. They always taste the sweet ones. lol. Wish you well, good weekend.

DC, I was given a 7 day course of antibotics and told to use calamine, it took over 3/4 of my leg - still itchy but 200% better. Couldn't believe they did not mention piriton. Still got two legs thank goodness and await next weeks news from Range and hope it will be good.

3M, glad you are better. The Best Man at my daughter's wedding had a similar experience, he had an ice pack strapped to his leg during his speech but he ended up in hospital by the evening!