RE:RE:Great newsShare buybacks are rather simple. the comany is investing in itself. As long as the company thinks their share price is too low. Then that is a logical course of action. By putting an upper limit on the Auction share price . IPCO can protect itself. Share buy backs make particular sense when the company has surplus cash availabe , as at the present time. Longer term, drilling and development or acquisitions are the best course in a growing market. But with the mixed signals coming from governments buybacks are much less risky !!