they will have no choice but to live within their means once the capital return has taken place.
this being said I don’t have a problem at all for them to spend on existing assets (GC21 excluded) to boost production further. Clearly if the gas price starts spiking which it could do in the next couple of years further drilling of lighting will make sense.
let’s see where F5 get to first hopefully a good stable additional income stream to distribute to shareholders.
OEL Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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