CE1 66.7% 1.0¢ calima energy limited

so should we be expecting a dividend? $21.7M NPAT for the year i...

  1. 280 Posts.
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    so should we be expecting a dividend?  $21.7M NPAT for the year i would have thought enough to see a final dividend be paid, i understand there was little free cash flow.  Surely CE1 have capacity?

    O&G investors generally don't want to see everything go back into the ground, myself included.  Did the company update its dividend policy from October 2021? :
    upload_2023-4-5_11-34-53.png
    free cash flow determined by spending in the ground right?  So spend more, pay less in dividends?  Original plan to pay 30% of free cash flow for dividends, what the 70% balance for?  We had debt back then, minimal now.  Seeking feedback / clarification...
 
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