RE:Quick and Dirty AnalysisListened to the replay of the earning call. Sounds positive.. Seems like they need to wait to get extension on Nigeria and unsure of royalties so that is why they haven't paid dividends. Once that is solved, there will be an extension.
Sounded positive for oil flow in all current wells.
Hoping to see dividends from prime this quarter but they mentioned probably no dividend to shareholders this year.
The new loan doesn't take effect till July as that is when they can pay off the current loan.
RBL stuff sounded like it had to wait for the extension so that could be this quarter depending on royalties and entension.
Keith i think mentioned could have 450M cash in Prime by end of this current quarter.
Too bad Kenya didn't progress when the found the oil. It would have been up and producing...
Only time will tell.