Yea Y, he also mentioned it at the conference. The tax savings via dividends is much greater! This is all part of the thing I mentioned about the best kept secret of the meeting: His business smarts and how he was making great decisions based on his business experience.
BTW, Lowman is correct. There is a big difference between a one time dividend and quarterly payouts. We can easily see a one time dividend early, maybe even next summer if the Mesa pans out and we get #2 and #3 drilled next spring, but by '08, regular quarterly dividends could happen. Again, all this is hope at this point.
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