RE:DividendToppicks1 wrote: I can't help but wonder if a divi could be on the horizon for this cash cow.
Thay are spending $300M +/- to maintains 20-24K bbl day production an need to spend another $50-100M to bring another 4K bbl day on stream.
The operating loss (cash less current liabilities) was $80M +/- in 2023 on avg $80bbl +/-.
They wont even get a second rig drilling because finaincials wont suppoty LC the driller need.
There will never be a div from VLE. In 5 years they will be spending $500M yr ro maintain 30K bbl day if lucky if oil drops below $80 they are at operating loss.
They got Thailand for free because its deemud unviable by Mubadala and this is now proven with the 2023 operating loss $80M