What's the capex spend allocation for the current quarter?
I estimate they're earning about A$35 per barrel at today's prices, net of hedges. My last estimate was $3m this quarter which would be ideal but I haven't been following as closely lately, so if capex is closer to $10m then it's a rather tight cash position given the dividend falling due.
Ann: Dividend Declaration and On-market Share Buy-Back, page-40
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