Some sage advise for management There is too much uncertainty on the use of cash flow for the investment community to adopt this company as yet. I would suggest that a broad framework be developed and communicated to the market.
Along the lines of :
a) definition of Free cash flow including any cash restrictions by financiers and regulatory officials in Thailand.
b) a limit of XX% to be spent on field expansion drilling
c) at least XX% to be returned to shareholders via dividend or share buybacks.
d) a proforma free cash flow calculation over next three years.
I am long and a believer , the position i sold in KEI north of $7 has been rotated into the offering along with open market accumulation , will be interesting to see if this proves to be the homerun i anticipate.