Doubt they would do an acquisition at this point with the POO rising and looking to go higher and with their capex requirements through FY23. Dividend increase maybe if POO remains stably higher for longer but if volatile they might save it for a rainy day. Hard to tell especially given the rest of the macro environment has people worried about funding moving forward in a potentially sticky inflation/higher rate environment but that too might settle down when COVID restrictions are completely removed world wide whenever that is.
If you take out the planned and unplanned maintenance from BassGas and the Western Flank gas and gas liquids production results would have been +18% on previous quarter.
Ann: Quarterly report for the period ended 31 December 2021, page-43
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