Dividends1 Dec 2017 12:53
In my opinion, it is a nonsense that some posts refer to the company paying dividends. There will be substantial capital expenditure commitments from 2018 onwards e.g. third Rhum well and, in following years, any fields where the company is not fully carried. No one should expect dividends any time soon - perhaps in the medium term (towards five years) when, if all goes well, Columbus, Rowallan and others may be producing. But even then, you should not under-estimate the cash reserves oil companies need and how long it takes to bring fields into production