.

May not even happen. Perhaps most of the cash generated from the Texas sale will be put into Colombia and TT.

DC just to say that shares bought back don't have to be cancelled but are often put into treasury. While in treasury thay don't get the dividend, don't count as issued share capital for % holding purposes and are often either sold off later (in such as an equity issue thus avoiding a prospectus in some cases), cancelled, or handed to employees as part of a share scheme.

It makes sense to buy shares while the price is low and sell them later if a need for an equity issue arises. It also hedges a company against a rising price for employee share allotments.

There is now no such thing as authorised capital- it was abolished in the Companies Act 2006.

Thanks c

from ii

http://www.somalinet.com/forums/viewtopic.php?t=308243&p=3698624

http://www.somaliaonline.com/community/showthread.php/65736-Range-Resource-Executive-Says-Puntland-Oil-To-Be-Exported-December-2012.-PICS

Puntland to Export Oil by December 2012
During an open meeting with members of the Puntland Diaspora Forum in Perth, Australia, Range Resources Managing Director Peter Landau stated to the audience of several dozen that Puntland would be exporting oil by December 2012 upon completion of testing in August.


Landau and a Somali support staff highlighted the activities of Range Resources to date. Among the discussed issues was the upcoming flow testing on the Dharoor wells and the spudding of the first well in Nugaal this September.

Range Resources reiterated its support for the Puntland community at home, citing its $250,000 contribution to an air strip in Garowe and $5 Million pledge to the repair and upgrade of another airport in the region.

DissidentNation.com




http://dissidentnation.com/puntland-to-export-oil-by-december-2012/

RRL up 4% on the ASX

Horn up 9.60%

Horn ended 16.80% up

Just wish rrl would move up, it is getting very boreing.

When Europe is sorted perhaps it will.

RRL Still waiting on petrotrin before it gives a TT update. National Holiday in TT tomorrow. Labour day.

Flipping heck it ended up blue - has it had a brain storm?

I might have to sit down for a minute!

Horn is down 4.11% at present, so it can't be anything to do with them. It must be the invisible RNS!

Think I need a brandy!!!!

Make that 2! :o)

Is that two large ones or two bottles? Actually sitting in the sun having my usual kim haha!!

Bottles I would think! That sounds ideal 3m, sitting in the sun! I'm just off to tackle the jungle at the bottom of the garden, carefully though - a hoard of tree bumble bees, aka bombus hypnorum, have take over a nesting box previously used by blue tits and they can be pretty aggressive if disturbed!

Be careful. Have the brandy I have sent you when you have finished - blue tits seem better than bumble bees!!!!!

:o) Without a doubt!!!

Seems a lot of excitement for a 1.8% rise. :-))