In simple language it means … There would be no future buy backs and the money could be used to increase the divi. Have you grasped it now. If so go and have a pint of what you fancy.
I meant in my post. Is that there should be 7 billion shares in circulation and not 70 billion. Meaning that our holdings should be reduced by 10%. There by increasing the value of the share and more money being available for the divi. with no buy backs.
There is 2b barrels of oil down there recoverable. That is 140 billion dollars say recovery over 20 years that is 7b dollars a year. Got to be worth at least between 3 and 5 pounds per share.