oilbarrel conference in london, page-14

I suspect that Camac are also a seller of their 9.6m.Hence LRL adding another 18.5m to the buyback as this will cover Goldmans and Camac and another 4-5m.

On Camac makes no real sense for them to hang around and have seen no discussion that their holding was escrowed. It makes very good sense for LRL to buy Camacs stake at 17c or so.It leverages down the purchase price.

Until we see some more Top 20s it is merely conjecture but am aware that the usual broker seller has been absent of late.A new party has been involved.

Agree also that it was a very good and comprehensive report and things will get better for this