CE1 0.00% 0.9¢ calima energy limited

Yes ...Q2 quarter focussed its operations on debt reduction and...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 13,310 Posts.
    lightbulb Created with Sketch. 1924
    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.
 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.