the increased clarity on capital returns
But that's to be expected given the ever increasing ' base' of production.
The pictorial analysis shows the April 2021 ' base' of 2900 boepd [ when Blackspur was acquired] declining by 15% par annum.
Since then that base has been increased- through the sinking of 24 wells in that 2 year period- to be 4500 boepd .
Whilst this base can be expected to exhibit the same 15%+ decline profile as the commnecing ' base' it does provide ample free cash flow capacity to make distributions to shareholders.The intention- not a commitment- to pay $5m in annual distributions is modest if not miserly. For 2023-24 it is paid for from the $6m in FCF in the 2Q 2023 quarter.
Of course, the big news is the ' forthwith' message concerning Montney condensate flow data.This will be the source of the big Calima payoff.
Yes....I'll be buying CE1 forthwith.
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- Ann: March 2023 Quarterly Activities and Cash Flow Report
Ann: March 2023 Quarterly Activities and Cash Flow Report, page-5
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $5.701M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $28.25K | 3.023M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 591098 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 6084440 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 691098 | 0.009 |
10 | 14547562 | 0.008 |
9 | 16798571 | 0.007 |
6 | 5766830 | 0.006 |
12 | 6362000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 6134440 | 12 |
0.011 | 1880000 | 3 |
0.012 | 3500000 | 1 |
0.013 | 15666 | 1 |
0.015 | 130000 | 2 |
Last trade - 13.36pm 27/06/2024 (20 minute delay) ? |
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