$0.06/share quarterly dividend declared for Q3. Initiated six months early!
Roughly a 7% yield at today's price of $3.46
I expect this to trade up towards it's current PV 10 asset value of $5.79/Share. Would yield 4.14%.
Two coin flip shots (45% probabilities) of doubling those reserves with the Gomo exploration wells scheduled for Q4 drilling.
At a minimum they will tie in 183-1 well early next year upon completion of pipeline. Bahiagas will take all the production they can get, so we should maximize the 18 MMCF/Day gas plant, and order up a new expansion unit to double capacity!
So many good things in place and no overhead stock supply since we trade at all time highs!
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