They had around USD$35 million shortly after end of the last quarter and might have around USD60 million (after expenses) at end of the current quarter; so will certainly have a nice bucket of cash to distribute. With current oil prices being soft will they be conservative and hold onto cash for the second half? Even so with such an approach they should be able to pay closer to 2 cents (USD32 mil) for the first half, leaving plenty of meat on the bone for the second half payment.
@16 cents the SP still seems very reasonable. At least IMO.
Ann: Significant Increase in WZ12-8E Project Reserves, page-23
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| Open | High | Low | Value | Volume |
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