A dividend is well overdue for long term shareholders who have subscribed to capital raisings and have stood by to see service providers, FPSO operators, management and the Brazilian Government all benefit handsomely from this business but holders have not received a cent or any real growth in their investment. There is no guarantee that a buy back would produce any tangible benefits to holders. We have seen oil production almost triple and revenue take off after the well interventions and Patola hook up but little growth in the share price. Hence we need to see more than a token dividend. Hanging around waiting for the share price to increase has been gut-wrenching.
Ann: June 2023 Quarterly Report, page-44
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Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.74 | $1.70 | $4.480M | 2.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 51674 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 3733 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.70 |
Change
-0.015 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $1.73 | $1.73 | $1.70 | 1786070 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| KAR (ASX) Chart |