* Says to postpone participation in drilling and development programs planned
for 2009 exploration season in gwydyr area
* Says initiated a strategic review of other opportunities that may be
available to it
* Says exploration program in republic of niger remains on hold pending
alleviation of local security concerns
* Sees postponement of drilling and development activities to substantially
reduce its near-term capital expenditures
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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