I am starting to think the capital return is a ruse, especially now Madden has headed for the hills. Fingers are indeed crossed for good F5 flow rates because by the time the next cashflow report comes through to us they will have spent US$6.7m of cash reserves on it (US$2m being their share of the first drill before encountering problems, plus US$1.7m on the second go, plus US$3m to complete assuming no further hiccups - all new expenditure since the start of the current quarter). If she booms, then all good.
OEL Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
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