Post by
EagleHasLanded on Mar 03, 2023 11:05am
Divided potential @ future 10000 bbls
10000 bbls *$56 netback *360 days /221 mill shares = 0.91 cents or share a year
do the math!
in 2-3 years AXL could pay out .40 cents. 100000 shares equal $40000 a year! And still have money for drilling, share buybacks or buy something new.
Comment by
EagleHasLanded on Mar 03, 2023 2:37pm
Updated with correct netback after taxes from CFO, still stellar numbers, based on Brent $85: Divided potential @ future 10000 bbls 10000 bbls *$45.60 (Tapir) netback *360 days /221 mill shares = 0.74 cents per share a year do the math! in 2-3 years AXL could pay out .40 cents. 100000 shares equal $40000 a year! And still have money for drilling, share buybacks or buy something new