Ann: Completion of Sale of Galoc Oil Field, page-2

  1. 3,088 Posts.
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    and not before time ! the extra AUD from the favorable currency exchange has increased the div. as well which is not surprising. will be interesting to see if the market reacts positively tomorrow - you'd have to think the ATO ruling will provide nothing detrimental - capital returns are nothing new and they have had the heads up on this for sometime, so a decision you'd think should be made pretty quickly . I'll be glad when all this is done and dusted so we can see what the market is going to value OEL at post capital return and I can start doing some TA on it again. Add in some new positive news on SC55 and who knows , OEL might actually start to develop and uptrend !!! E
 
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