Share Price Catalysts, page-1693

not really, as has been flagged by others here i think its more a commercial / cash situation.

pretty high level math but based on mgmts forecasts in that jun quarterly... they were expecting FCF of $5mish in sep-qtr (net of hedges and capex) as the remaining $10m was skewed toward q4 with higher production/less hedges.. but that was assuming US$95/wti which its been under for most of this q so far. so i'm going to say conservatively $4m cash contribution ... add that to the $2m ish cash at end of june, best case they will be $6m net cash end of sep.

that's pre-buyback and div (which is a cap return). They probably paused the buyback to ensure they hit the $2.5m cap return comfortably with some buffer in case oil prices keep up this volatility. So.. my guess is the sep-qtrly will have net cash of say $3.5m (best case) as they will want to demonstrate some cash build, and 2.5m of the cap return paid out during sep-qtr. They will restart the buyback early oct ish. My call anyway.

then there's hoping we get the dream announcement before / around then haha