Thursday, July 19, 2007

UPDATE 1-Noble suspends share buyback due Nigeria probe

(Reuters) - In June, Noble said it is investigating whether its
Nigerian unit made illegal payments to customs agents while
trying to get permits to bring drilling equipment into Nigerian
waters.




During a conference call with analysts to discuss
second-quarter results, Chief Financial Officer Thomas Mitchell
said, "We have for now suspended the program
out of an abundance of caution during the ongoing independent
investigation."


Read more at Reuters.com Bonds News

No comments: