average wti for the quarter is currently us$96.73, above q1
most q3 capex was spent in q2 (about $7m) with june drilling and frac Leo4
as per quarterly, guidance was H1 $19-20m, actual was $26.8m cause capex brought forward
still FCF from q2 = $4m
plus
assume $50 conservative netback for qtr x 4300 = $6.5m a month
hedge actually in the money today...
then add a$30m facility
then add Leo4 and 2 glauc currently coming on
i know why the buyback is paused, and its not $
Ann: Dividend Declaration and On-market Share Buy-Back, page-41
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