Yes ...
Q2 quarter focussed its operations on debt reduction and maintaining production. Minimal capital spend was incurred
and overall net debt was reduced to its lowest point at $6m, an overall reduction of $7.8m for the quarter. Net debt of
$6m includes A$3.76m Pivotal term loan associated with the pipeline expansion that has provided considerable cost
savings in a rising cost environment over the last 18 months.
The Board is pleased to inform Shareholders a total capital return of A$5 million for the year 2023 has been approved.
This reflects an approximate 10% yield and demonstrates our commitment to delivering strong returns to shareholders.
Yes ...Q2 quarter focussed its operations on debt reduction and...
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