RE: A dividend30 Apr 2024 16:45
The wells in Oklahoma are far cheaper than the wells in the UK. David has put on numerous RNSs that:
Union Jack continues to be cash flow positive covering all planned G&A, OPEX and CAPEX liabilities
ยท Cash, short term receivables and investments at April in excess of ยฃ10 million ?!
ยท Debt free and remains highly cash generative
- Can claim back tax for the Wressle works under the energy levy tax scheme
- Biscathorpe is with in the planned budget an imo will never happen
- West Newton, the longer Stephen an Sachin take the longer the money sits there.
Reward shareholders David in line with splashing the cash as s/he states because there are some that have questioned on X sadly if they will even be alive to see there money earn them some profits after the years of being sat here.