RE:RE:Sean, please give us a 10 cent dividendSure...
The cash is already taxed. There is over US$116 million cash sitting there and growing. Hardly any debt left.
Give a little to shareholders no shock to the stock... will certainly raise interest in the market and attract more shareholders. One time only, US$8 million would give us 10 cents now. It's less than 10%. No big deal. Still lots left for Capex... and more to come.
Forecast is still $90 to $100 oil. The nonsense in the news is nothing but scare tactics for corrupt institutions to load up at cheaper prices. That's exactly what happened with natural gas which is soaring now. Oil is being manipulated. It will come back in November. Watch.
In the meantime a small one time dividend would do wonders to attract investors. It's been made clear that the plan is to build cash for next Year's Capex. There is no acquisition in the near future so don't waste your time. Wassana needs to be brought back online asap while cash is used to continue exploring Wassana and adding more wells at the core oil fields that are keeping this ship afloat . That's what the cash is for now.
A small dividend won't put a dent in next year's plans. Besides Rossukon royalties would compensate.
You have no idea what you are talking about. Don't expect an acquisition anytime soon. Wassana expansion and sustained production are key and that is crystal clear.