Thursday, May 24, 2007 11:48:51 AM
1) The company is getting together all of the necessary documentation to achieve an AIM listing by the end of 2007.
At least, that is their plan.
2) Concerning the share repurchase program, they have allocated $6 million for this purpose and have already re-purchased 30 million shares.
3) Concerning production (and I hope my figures are correct),
the current rate is 876,000 barrels for the year, or 120,000
tons. By January, 2008, they expect production to increase to a rate of 1,300,000 barrels per year or 180,000 tons.
4) The company's pps projection is .30 by September and
1.00 by year end.
5) Concerning Syria, they expect to begin preparation of an agreement with the government by the end of the summer.
6) The audited financial statements will be out tomorrow.
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