Friday, May 25, 2012

Lego Queen Elizabeth with diamond crown unveiled

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OAO - Oao - Oando Plc - Unaudited Financial Statements For The ...

Oao - Oando Plc - Unaudited Financial Statements For The First Quarter Ended

Release Date: 23/05/2012 15:39:01??????Code(s): OAO ? ? ?


OAO - Oando PLC - Unaudited financial statements for the first quarter ended 31 March 2012 Oando PLC (Incorporated in Nigeria and registered as an external company in South Africa) External Registration number: RC 6474 Company registration number: 2005/038824/10 Share Code on the JSE Limited: OAO Share Code on the Nigerian Stock Exchange: UNTP ISIN: NGOANDO00002 ("Oando" or the "Company" or the "Group") UNAUDITED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31 MARCH 2012 Shareholders are advised that the following announcement for the unaudited Interim financial statements for the three month period ended 31 March 2012 was released on the Nigerian Stock Exchange today, 23 May, 2012. QUOTE The Directors are pleased to announce the unaudited interim financial statements of Oando for the first quarter ended 31 March 2012. The Group retained the existing structure of six divisions in line with the nature of its businesses. The divisions consist of the following: Oando Marketing, Oando Supply and Trading, Oando Energy Services, Oando Gas and Power, Oando Exploration and Production and Oando Refinery and Terminals. Herewith the highlights of our results for the period ended 31 March 2012: Consolidated income statements US$`000 US$`000 Revenue 1,019,899.18 761,349.48 Cost of sales (923,049.19) (656,657.39) Gross profit 96,849.99 104,692.09 Other operating income 8,393.55 1,225.92 Selling and marketing costs (11,555.44) (12,614.92) Administrative expenses (51,114.27) (41,289.36) Operating profit 42,573.84 52,013.73 Finance income 7,853.55 720.87 Finance costs (18,356.67) (15,011.26) Finance costs - net (10,503.13) (14,290.39) Profit before income tax 32,070.71 37,723.34 Income tax expense (12,615.26) (16,548.64) Profit for period year 19,455.45 21,174.70
Consolidated Statement of financial position 2012 2011 US$`000 US$`000 ASSETS Non-current assets Property, plant and equipment 1,246,644.42 1,030,232.79 Intangible assets 155,646.23 157,431.77 Available-for-sale financial assets 6.43 6.60 Non-current receivables and prepayments 222,066.76 182,010.39 1,369,681.56 1,624,363.84 Current assets Inventories 397,835.95 134,835.75 Trade and other receivables 659,532.68 577,793.77
Cash and cash equivalents 158,410.75 238,970.07 951,599.58 1,215,779.38
Total assets 2,321,281.14 2,840,143.22 EQUITY Capital and reserves attributable to equity holders Share capital 7,208.07 5,993.14 Share premium 315,363.07 324,739.18 Other reserves 130,487.43 123,888.01 Retained earnings 163,685.49 190,972.97 645,593.31 616,744.06 Minority interest 9,568.84 9,047.29 Total equity 654,640.59 626,312.90 LIABILITIES Non-current liabilities Borrowings 597,209.13 590,362.84 Deferred income tax liabilities 43,309.41 41,722.91 Provisions for other liabilities and charges 35,728.56 27,971.66 660,057.41
676,247.10 Current liabilities Trade and other payables 845,479.13 478,220.11
Current income tax 35,109.50 40,445.41 Borrowings 656,994.58 487,917.82
1,537,583.22 1,006,583.34 Total liabilities 2,213,830.32 1,666,640.75
Total equity and liabilities 2,321,281.34 2,840,143.22 Performance synopsis The Group`s results for the period ended 31 March, 2012 is due to the following: Turnover (Increased by 38%) Revenue increased compared to the same period in 2011 due to: - Increase in PMS pump price from N65 to N97 per liter though the 50% increase did not pass through fully due to product scarcity and lost sales due to scarcity - Higher average crude prices; - Additional revenue from East Horizon Gas Company which commenced operations in 2012 Gross profit (Decreased by 5%) Gross margin was lower compared to the same period in 2011 due to lower effective margins on PMS sales. Administrative and marketing expenses (Increased by 27%) - Additional operating costs (including depreciation) incurred on new businesses - Exchange loss on foreign currency balances. - Lower cost recovery in OML 125 - More petroleum products were sold at upcountry locations thereby resulting in higher marketing costs. Properties Plant and Equipment (PPE) and Long-term Receivables (LTR) (Increased by 24 & Increased by 35% respectively) PPE and LTR increased compared to the same period in 2011 for the following reasons: - Additional capital expenditure on upstream assets, and East Horizon Gas Company`s 128Km natural gas pipeline. - Refurbishment of the third rig in preparation for operational deployment. - Commencement of construction work on Apapa Single Point Mooring (SPM) project. Inventories (Increased by 204%) - More petroleum product cargoes were received at the end of March 2012 compared to the same period in 2011 - Higher cost of petroleum products during the period compared to the same period in 2011, reflecting the reduction in subsidy. - Maintenance spares for rigs and power plant. Trade and other receivables (Increased by 25%) - Additional receivables from new businesses (new gas pipeline project commisioned, rig). Trade and other payables (Increased by 83%) - Higher volume of products purchased towards the end of March 2012 compared to the same period in 2011 Borrowings (Increased by 21% ) - Depreciation of the naira relative to the same period of 2011 resulting in increase in foreign-currency denominated short term borrowings. - Additional borrowings were secured to finance the capital expenditure (rig upgrade, gas pipeline construction and development of upstream assets) as stated above. Capital and Reserves (Decreased by 4%) - Impact of profit after taxation. - Surplus arising from the triennial revaluation of fixed assets in conformity with the Company`s accounting policies. The revaluation was done on the basis of open market value. Shareholding We remain one of the few companies listed with shareholders base in excess of 260,000. As of 31 December 2011, the range of shareholdings of the company is as shown below: Range No. of Holders Units Units% Holders % 1 - 1000 168,436 63.96 62,026,381 3.69 1001 - 5000 73,118 27.76 149,867,546 6.60 5001 - 10000 10,376 3.94 73,186,851 3.23 10001 - 50000 9,172 3.48 190,197,969 7.65 50001 - 100000 1,068 0.41 75,619,577 2.97 100001 - 500000 923 0.35 186,875,913 6.36 500001 - 1000000 111 0.04 78,941,581 3.76 1000001 - 5000000 105 0.04 220,986,752 9.79 5000001 - 10000000 19 0.01 140,994,616 5.06 10000001 - 23 0.01 488,425,846 17.94 50000000 50000001 - 1 0.00 59,889,556 32.95 100000000 100000001 - 3 0.00 547,105,550 2274118138 263355 100 2,274,118,138 100.00 QUOTE Sandton 23 May 2012 JSE Sponsor Macquarie First South Capital (Proprietary) Limited Date: 23/05/2012 15:39:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. Email this JSE Sens Item to a Friend.

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Thursday, May 24, 2012

The Royal Ball

The Royal Ball

As the prince of Rumani comes of age, the nobles are invited to the royal ball for the prince to meet his potential love. But people arent happy to hear that the rumored witch baroness was invited too.

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User avatar
Aniihya
Member for 3 years



Would it be all right if I tried for the baroness?

Image

"Forbidden love is said to be the sweetest, and yet, if you've experienced it, you curse the very day Shakespeare ever penned the words "Star crossed lovers"..."

User avatar
Auroria
Member for 0 years


Can I reserve a Duchess? Thanks in advance!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Oh, yes, and pickles with that

User avatar
gperry88
Member for 0 years


Actually the baroness is reserved for myself. It is not like being the baroness gives any more chance to score with the prince. But you can be a duchess or whatever else. Even the role for the prince is still open.

User avatar
Aniihya
Member for 3 years



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Iran is offered new plans to ease nuclear concerns

Director General of the International Atomic Energy Agency, IAEA, Yukiya Amano, center, from Japan speaks to the media after returning from Iran at the Vienna International Airport near Schwechat, Austria, on Tuesday, May 22, 2012. Amano says he has reached a deal with Iran on probing suspected work on nuclear weapons and adds that the agreement will "be signed quite soon." (AP Photo/Ronald Zak)

Director General of the International Atomic Energy Agency, IAEA, Yukiya Amano, center, from Japan speaks to the media after returning from Iran at the Vienna International Airport near Schwechat, Austria, on Tuesday, May 22, 2012. Amano says he has reached a deal with Iran on probing suspected work on nuclear weapons and adds that the agreement will "be signed quite soon." (AP Photo/Ronald Zak)

Director General of the International Atomic Energy Agency, IAEA, Yukiya Amano, right, from Japan speaks to the media after returning from Iran at the Vienna International Airport near Schwechat, Austria, on Tuesday, May 22, 2012. Amano says he has reached a deal with Iran on probing suspected work on nuclear weapons and adds that the agreement will "be signed quite soon." (AP Photo/Ronald Zak)

Iraqis walk through Tahrir Square during a heavy sandstorm in Baghdad, Iraq, Tuesday, May 22, 2012. The sandstorm prompted the shutdown of Baghdad's airport on Monday and brought travel complications for envoys trying to reach the Iraqi capital for nuclear talks between Iran and six world powers scheduled to begin Wednesday. (AP Photo/Hadi Mizban)

Traffic snakes through Kahramana Square during a heavy sandstorm in Baghdad, Iraq, Tuesday, May 22, 2012. The sandstorm prompted the shutdown of Baghdad's airport on Monday and brought travel complications for envoys trying to reach the Iraqi capital for nuclear talks between Iran and six world powers scheduled to begin Wednesday.(AP Photo/ Khalid Mohammed)

Iraqi Foreign Affairs Minister Hoshyar Zebari speaks during an interview with the Associated Press in Baghdad, Iraq, Tuesday, May 22, 2012. The five permanent U.N. Security Council members plus Germany,would resume talks with Iran about its nuclear program on Wednesday in Baghdad's fortified Green Zone. Zebari said they will "not produce a miracle." (AP Photo/Khalid Mohammed)

(AP) ? Diplomats from six world powers offered Iran new proposals Wednesday to ease international concerns about its nuclear program, but appeared to reject Tehran's appeals to ease economic sanctions to help move along talks.

The proposal by the U.S. and its negotiation partners focused on Iran's highest-level uranium enrichment ? at 20 percent ? which many world leaders fear could be quickly turned into warhead-grade material. Other details of the plan were not immediately disclosed.

But the proposal may meet a swift refusal from Iran. Its envoys seek agreements to lessen, or at least delay, sanctions that have targeted Iran's critical oil exports and cut off the country from lucrative European markets.

"We hope the package that we put on the table is attractive to them so they will react positively," Mike Mann, spokesman for the head of the European Union delegation that is leading the talks, told reporters. "It's up to them to react."

Mann would not discuss whether the 20 percent level enrichment represented a red line that could again scuttle the negotiations, which had only restarted last month after collapsing in early 2011.

The high-enriched uranium is far above the level needed for energy-producing reactors, but is used in medical research. Iran claims its nuclear program is only for electricity and medical applications.

Tehran has tentatively agreed to allow U.N. inspectors to restart probes into a military base with suspected links to nuclear arms-related tests. Mann expressed cautious optimism about the still-unsigned deal with the International Atomic Energy Agency, but said it would have little bearing on Wednesday's talks.

Despite the new proposals, no breakthrough accords are expected in the talks in Iraq's capital, suggesting that all sides are still shaping their strategies and the negotiation process is likely to be long.

That could allow U.S. and European allies to significantly tone down threats of military action. But it would likely bring objections from Israel, which claims that Iran is only trying to buy time to keep its nuclear fuel labs in full operation.

Mann suggested that any rollback in sanctions was unlikely in the Baghdad talks. He said some of the most painful sanctions ? including a European Union ban on Iranian oil imports beginning July 1 ? are a "matter of the law and they will come into force when they come into force."

The Obama administration has been vague about its immediate goals, with officials saying the talks will gauge Iran's seriousness and explore elements of a possible agreement. A Western diplomat in Baghdad said the talks will focus on "confidence-building measures" that Iran's nuclear program is only being used for peaceful purposes.

"This approach includes concrete step-by-step, reciprocal measures aimed at near-term action," the Western diplomat said, speaking on condition of anonymity to discuss the delicate process more candidly.

Washington has shown little willingness to bargain, despite the tentative IAEA agreement to inspect the Parchin military complex southeast of Tehran. That's where the U.N. believes Iran ran explosive tests in 2003 needed to set off a nuclear charge. Tehran says Parchin is not a nuclear site.

Iran's top officials, including Supreme Leader Ayatollah Ali Khamenei, have repeated said that Iran does not seek nuclear arms and have called such weapons against Islamic principles.

During a visit to western Iran on Wednesday, President Mahmoud Ahmadinejad evoked Khamenei's belief that "production and use of weapons of mass destruction is forbidden" by Islam.

"There is no room for these weapons in Iran's defense doctrine," he said at a gathering to commemorate victims of Iraqi chemical weapons during the 1980-88 war with Saddam Hussein's Iraq.

He claimed a "WMD-free world is honest and wish of the Islamic republic."

Iranian analyst Hassan Abedini, who is being briefed by Iran's delegation, said Tehran expects the U.S and other world powers to offer some concessions in return for the tentative agreement with the U.N.'s nuclear agency.

"Now the ball is in the (world powers') court to reciprocate it," Abedini said Wednesday.

He said Iran is demanding "a give-and-take approach," to the negotiations.

The Baghdad talks, involving the five permanent U.N. Security Council members plus Germany, could offer a test of how much the U.S. and allies are willing to bend from demands for Iran to halt all uranium enrichment and instead concentrate on just stopping the highest-grade production.

Iran is sticking to its right to enrich uranium as a signatory of U.N. nuclear treaties. The West and others fear the level of enrichment Iran is doing can be turned quickly into weapons-grade uranium.

At the heart of the debate are sanctions the West has placed on Iran to force it to the bargaining table ? particularly on a European Union decision to cut all crude oil imports from Iran that are set to take effect July 1. The 27-nation EU accounts for just 18 percent of Iran's total oil exports.

Earlier this week, the U.S. Senate backed proposals for further sanctions on Iran, including requiring companies listed on U.S. stock exchanges to disclose any Iran-related business. U.S. and European measures already have targeted Iran's oil exports ? its chief revenue source ? and effectively blocked the country from international banking networks.

Oil fell to a seven-month low near $91 a barrel Wednesday in Asia on hopes of progress in the talks.

___

Associated Press writers Brian Murphy in Dubai, United Arab Emirates, and Nasser Karimi in Tehran, Iran, contributed to this report.

Associated Press

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My Only

My Only You

There are two opposing sides; Angelic and Demonic. You, as one of either side, suddenly fall in unrequited love. Is your lover really who you think they are? [OPEN]

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I love everybody.
Some I love to be around.
Some I love to avoid.
Some I'd love to punch in the face.

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angel51897
Member for 0 years



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Wednesday, May 23, 2012

Hunt for trafficker terrorizes Honduran villagers

Honduran policemen patrol in Ahuas, Honduras, Monday, May 21, 2012. On Friday May 11, a joint Honduran-U.S. drug raid, on a helicopter mission with advisers from the DEA, appears to have mistakenly targeted civilians in the remote jungle area, killing four riverboat passengers and injuring four others. Later, according to villagers, Honduran police narcotics forces and men speaking English spent hours searching the small town of Ahuas for a suspected drug trafficker.(AP Photo/Rodrigo Abd)

Honduran policemen patrol in Ahuas, Honduras, Monday, May 21, 2012. On Friday May 11, a joint Honduran-U.S. drug raid, on a helicopter mission with advisers from the DEA, appears to have mistakenly targeted civilians in the remote jungle area, killing four riverboat passengers and injuring four others. Later, according to villagers, Honduran police narcotics forces and men speaking English spent hours searching the small town of Ahuas for a suspected drug trafficker.(AP Photo/Rodrigo Abd)

Honduran Navy officers patrol in Patuca river, near Ahuas, a remote community in La Mosquitia region, Honduras, Monday, May 21, 2012. On Friday May 11, a joint Honduran-U.S. drug raid, on a helicopter mission with advisers from the DEA, appears to have mistakenly targeted civilians in the remote jungle area, killing four riverboat passengers and injuring four others. Later, according to villagers, Honduran police narcotics forces and men speaking English spent hours searching the small town of Ahuas for a suspected drug trafficker.(AP Photo/Rodrigo Abd)

Children play outside their houses in the Paptalaya pier, where helicopters of a joint Honduran-U.S. drug raid landed last Friday, in Ahuas, Mosquitia region, Honduras, Monday, May 21, 2012. On Friday May 11, a helicopter mission with advisers from the DEA, appears to have mistakenly targeted civilians in the remote jungle area, killing four riverboat passengers and injuring four others. Later, according to villagers, Honduran police narcotics forces and men speaking English spent hours searching the small town of Ahuas for a suspected drug trafficker.(AP Photo/Rodrigo Abd)

Honduran soldiers stand next to a plane after checking passengers information in Brus Laguna , Honduras, Monday, May 21, 2012. On Friday May 11, a joint Honduran-U.S. drug raid, on a helicopter mission with advisers from the DEA, appears to have mistakenly targeted civilians in the remote jungle area, killing four riverboat passengers and injuring four others. Later, according to villagers, Honduran police narcotics forces and men speaking English spent hours searching the small nearby town of Ahuas for a suspected drug trafficker.(AP Photo/Rodrigo Abd)

An aerial view of the Mosquitia region near the remote community of Ahuas, Honduras, Monday, May 21, 2012. On Friday May 11, a joint Honduran-U.S. drug raid, on a helicopter mission with advisers from the DEA, appears to have mistakenly targeted civilians in the remote jungle area, killing four riverboat passengers and injuring four others. Later, according to villagers, Honduran police narcotics forces and men speaking English spent hours searching the small town of Ahuas for a suspected drug trafficker.(AP Photo/Rodrigo Abd)

(AP) ? A fearsome rattle of gunfire from the sky. The roar of helicopters descending on a tiny, Honduran town. And the sound of commandos speaking in English as they battered down doors and detained locals in the hunt for a drug trafficker.

Villagers say the drug bust that left four passengers of a riverboat dead after helicopters mistakenly fired on civilians continued into the predawn hours when commandos, including some they think were Americans, raided their town.

Heavily armed Honduran police in at least two helicopters landed and took off numerous times while agents searched homes and detained several people in the village on the banks of a river deep in Honduras' Mosquitia region, named for the Miskito Indians. In the end, enraged residents torched the home of the town's suspected drug trafficker in retaliation for the fatalities on the river.

One chopper landed in front of Hilaria Zavala's home at about 3 a.m. and the six men who got out kicked down her door. She said a "gringo" threw her husband on the ground and put a gun to his head demanding to know about a trafficker named "El Renco."

"They kept him that way for two hours," said Zavala, who owns a market near the main pier in Ahuas. "They asked if he was El Renco, if he worked for El Renco, if the stuff belonged to El Renco. My husband said he had nothing to do with it."

The shooting started after midnight, when Honduran national police tracking a cocaine shipment after it had been unloaded from a plane and onto a boat near the village were fired upon, authorities say. The officers returned fire, mistakenly shooting at a passenger boat, killing four people and wounding four more.

Celin Eriksson 17, whose cousin Haskel Tom Brooks Wood, 14, died in the boat, was waiting on the dock for his family before the shooting when he saw a white truck and about 50 men coming from Ahuas. He hid because he knew they were traffickers, but saw them load bundles into a boat. When the helicopters appeared, the men ran. He said he heard no gunshots coming from the ground. The boat with bundles went drifting by itself down the river.

The commandos who came off the helicopter handcuffed him, Celin said, and put a gun to his head. Some spoke to him in English, which he also speaks.

"If you don't talk we'll kill you," the boy said he was told. "Where is El Renco? Where is the merchandise?"

He said they made him walk along the river bank with them to find the boat with the bundles. Then they left him, handcuffed. He found a neighbor who broke the plastic handcuffs with a machete and saved them to prove to authorities that he had been detained by commandos.

The May 11 shooting and subsequent raid raises questions about what role, if any, U.S. Drug Enforcement Administration agents who were on the helicopters played in the events described by villagers. The DEA has repeatedly said its agents on the mission, which included two U.S. helicopters, acted only in an advisory role to their Honduran National Police counterparts and did not use their weapons.

DEA spokeswoman Dawn Dearden, when asked to respond to the villagers' story, said Monday night that there were no DEA personnel in the village.

The U.S. Embassy in Tegucigalpa referred all questions about the operation to Honduran authorities. The State Department said last week that the helicopters used in the operation were piloted by Guatemalan soldiers and contract pilots who are temporarily deployed to Honduras. It did not identify the contractors' nationalities.

Jose Ruiz, a spokesman for the U.S. Southern Command, which oversees the U.S. military in Honduras, said there were no American troops there.

"We can confirm there were no U.S. military personnel or U.S. military assets involved in anyway. Our joint task force occasionally supports DEA, but they had no personnel or equipment in that particular mission," Ruiz said.

Honduran Security Ministry spokesman Hector Ivan Mejia said he had no information about the raid reported by residents.

Several villagers, however, told The Associated Press that some of the masked agents were gringos.

"They spoke in English among themselves and on the radios," said Zavala, whose husband was held at gunpoint. "They had brought a computer and they put in the names of everyone and sought identification for everyone."

On the shore near the main pier for Ahuas, Sandra Madrid cowered in her home from the bursts of gunfire coming from overhead. The manager of the village's main river transportation company said it lasted 15 minutes. "I've never seen a machine like that," Madrid said of the helicopter. "I've never seen a shootout like that."

About an hour later, the machines landed in her front yard. Neighbor Mariano Uitol said about 40 men in total got out. "They told everyone to get inside and don't anyone leave."

The commandos seized a neighbor's boat and gasoline to travel down the river, Madrid said, taking Hilaria Zavala's teenage nephew to guide them. He had been waiting on the dock for his mother in the shot-up passenger boat.

Witnesses said the agents made several trips carrying sacks and loading them onto the helicopters that took off and landed repeatedly over the next two hours.

An investigation by Honduran military based in nearby Puerto Lempira concluded that the agents fired on the civilians by accident, said Col. Ronald Rivera Amador, commander of the Honduran Joint Military Task Force-Paz Garcia.

He said the task force conducted only part of the investigation and sent its findings to the Joint Task Force Gen. Rene Osorio. Mejia said a Honduran federal prosecutor is leading the investigation.

The isolated savannah and jungle region of northern Honduras has been a drug-running area for decades. But cocaine shipments increased dramatically in the last few years as authorities cracked down in Mexico and other parts of the main drug routes from South America to the United States. The U.S. State Department says 79 percent of all cocaine smuggling flights leaving South America land in Honduras.

Ahuas Mayor Lucio Baquedano, who said all the shooting victims were innocents, said that there is a drug trafficking cell in his town and that the number of clandestine landing strips is not only increasing, but getting closer to populated areas and putting more uninvolved people at risk.

He said the traffickers who used to operate in more isolated spots now seek shorter routes to the river, where boats take the illicit cargo to the Caribbean coast.

The strip where the agents detected a landing on May 11 is less than 2 miles (3 kilometers) from the village, Baquedano said.

"The cell that operates in town is very powerful and up to now has had no opposition," he said, adding that he can't stop them. "We had meetings and I told them that the landing strips shouldn't be so close to town. Now we know the consequences when the strips are close to people."

Members of the U.S. Congress and human rights groups have been ramping up their criticism of U.S. spending in this small Central American country of 8 million people, which has one of the highest murder rates in the world and alarmingly low conviction rates.

The State Department is required to vet the Honduran National Police to make sure they have not committed gross human rights violations, or it can withhold U.S. assistance. It has not been withheld, despite a demand from 87 members of Congress to Secretary of State Hillary Clinton a year ago asking for further investigation.

The State Department's most recent human rights report on Honduras is a scathing 18 pages that describe unlawful killings by police and government agents.

In the region surrounded Ahuas, impoverished families earn money by helping load and unload cocaine, a well-known problem noted by government officials from President Porfirio Lobo to the local police chief, Filiberto Pravia Rodriguez.

Pravia said he heard the helicopters in the middle of the night but did not go out until soldiers knocked at his door about 5:30 a.m. He and a judge tried to go to the river, where soldiers said there were two bodies in the water, but they were met by an angry crowd waving machetes and clubs and carrying cans of gasoline.

"I was lucky I could run," he said.

Several hours later, the crowd turned its wrath on the home reportedly owned by El Renco. They burned his home and those of three of his friends.

"The family and friends of the victims burned the homes because of the narcos," Zavala said. "This whole mess was their fault ... because of them, we all had to pay."

___

Associated Press writer Alberto Arce reported this story in Ahuas and Katherine Corcoran reported from Tegucigalpa. AP writers Matthew Lee in Washington and Martha Mendoza in Santa Cruz, California, contributed to this report.

Associated Press

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How Playing Sports Become the Favorable Choice of People

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