yes - bigger distributions are possible but I expect 2c now and 2c in Feb . Gives them time to see flow rates on 8E although all indications are these fields are producing as expected.
they have enough for 3c but probably 4 by August but they would be silly not to keep a float of say 15-20 m AUD
unfranked dividends are fine. In the end franked dividends are
ultimately paid out after tax paid so less is Distributed . I have 65% if my holdings in SMSF so unfranked is no big deal
next 12 months assuming a similar AUD oil price cash flow of circa 7.5-8c possible . Amazing considering current cash if 4c per share and 13.5 c SP
Ann: Quarterly Activities Report, page-13
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