RE:Aug 2019 News Release regarding paying 10%+ dividends I think your reading too much into De Alba here. Under his guidance, Frontera share price is down ~70% over the past 5 yrs and down ~30% over the past year. His "guidance" and "vision" has been atrocious.
Reality is that under his leadership, Frontera has plowed well over $500MM USD into Guyana wells, seismic, Corentyne WI and CGX Stock. To have nothing to show for it right now is embarrassing... especially since they actually hit oil. Even worse, given he was awarded co-Chair of CGX, he has also destroyed CGX as well.... takes a real skill to destroy two companies simultaneously but he has done so.
End of day, paying a little dividend now is like putting lipstick on a pig. Market was happy for one day, and then share price stalled again. To make meaningful money for Catalyst, he needs to sell Guyana for something meaningful.
I am a CGX shareholder. Unfortunately for me, De Alba also runs them. I just hope he decides to keep quiet and let the real dealmakers in Houilian Lockey do the work. Everything this man touches turns to garbage... and not just oil... casinos, car rentals, pharmaceuticals, etc... he's a bum plain and simple.