Banter &general comments, page-24

Prevous dividend was 1.5c and the one before that was the 2c you refer to. Both unfranked. I'm expecting the upcoming dividend also to be 1.5c, at worst 1.25c. Th 2c divvy was for a 6 month trading period when oil prices breached USD90 for a while. The present period is averaging under that short term blip but still remains quite high historically speaking. If we maintain current prices over a 12 month period I see 3c unfranked per annum divvy, which at a share price of 20c is a decent 15% yield. What I like about oil is the Saudis will ensure the price remains above 80USD. When it gets down to that they cut-back production so we have a stabilizing force.