Find this bit interesting and pleasing.
Interesting because no mention of Galoc North.
Pleasing because the buyback gets a mention and admin costs will be cut.
Capital management......
By the end of CY14 we forecast OEL will have close to A$35m in cash on its balance sheet. With only modest capex commitments in Tanzania there is scope to consider dividends, buy-backs and M&A opportunities. Management have indicated a willingness to consider all options. In addition the overall business continues to be streamlined with cost being cut out of both the Perth and Manila offices. For the 9-months to March corporate administration costs were annualising at US$7m. We believe this will be closer to US$5m for FY15.
new broker report from hartleys, page-18
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $48.19K | 4.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 10476011 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 16762591 | 22 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |