Autosime....so with AUD oil at $135 (our NZ oil getting rather...

Autosime....so with AUD oil at $135 (our NZ oil getting rather more than this) and annual production for the next 2 years between the 1.4 - 1.75m barrels this implies 6 - 8c per share spare cash per year. Each and every announcement from HZN (and ST very loudly) talks of 'capital management initiatives under constant review'...i have been mentioning buy backs, but nothing. There's the curve ball possible NZ OMV acquisition (which i think is unlikely) or something else apart from 6 - 8c distribution each year?
Hence, and my point, aren't we going to be stuck in the 13 - 16c trading range every 6 months pre and post distribution for the next 2 years? Not a bad place to be at all, taking a gain of 30 - 45% a year in distributions.
My thoughts though then move to thinking that more serious and bigger traders, on realising this, may start to trade this range more aggressively and hence whilst we may not see any SP break out from this range we may see greater volume entering the market? This may in time give larger shareholders the opportunity to exit or alternatively less likely to enter?
Lower side of 6c in cash per share per year X 5 years remaining concession = 30c per share total value. (does anyone know anything about concession renewals or how long prior to completion they occur?)) Not a bad return at all, especially as a fair bit is relatively baked in, but is it going to get people excited? Probably not unless they have more serious success with the drill bit or there's something around 'capital management initiatives' I'm not getting. I still think a buy back would add value but as 5 years goes to 4 and then to 3 it might not make sense.