OTCPK:AETLF - Post by User
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perdikaoilgason Aug 08, 2014 9:34am
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Post# 22821539
Rising Dividend & Significant Improvements on ALL Fronts
Rising Dividend & Significant Improvements on ALL FrontsThe Board of Directors has declared a 7.7% increase in the quarterly dividend to $.07 per common share. This increase is the second increase in the dividend so far in 2014 and is consistent with Arsenal's dividend policy of paying out in dividends approximately 10% of trailing quarterly cash flow.
Production is rising above the initial estimates and the company will hit 5,000 boepd by year end.
Debt is declining and Debt at yearend is projected at $73 million from $84 million (June 2014).
The company increases its acreage.
The company increases its CapEx.