And regarding "any further news" on the extention, they gave an update a few weeks ago. I'm guessing we'll hear something more by months end. This was posted in Shoreline's august corperate update PR...
"The company is now close to resolving its working capital covenant breach and expects to fully resolve the breach with the closing of a $15,000,000 term loan secured by its U.S. assets. The $15,000,000 term loan will be used to cancel and repay the existing $5,000,000 bridge loan and for working capital purposes including up to $7,500,000 of anticipated capital expenditures in the Company's Wattenburg field assets." http://finance.yahoo.com/news/shoreline-provides-corporate-2013-guidance-120000700.html
Share price = C$2.50 Yield = 19.2%
Dividend history...
Oct 25, 2013 $0.12 Dividend (announced last week) Apr 3, 2013 0.12 Dividend Dec 27, 2012 0.12 Dividend Sep 26, 2012 0.12 Dividend Jun 27, 2012 0.12 Dividend Mar 28, 2012 0.20 Dividend
"The Company intends to return to its regular quarterly dividend schedule and declare a total $0.48 per share in dividends for 2013."
Not sure if I'm missing something, but if Shoreline shores up their financing, this could be a nice hold into next year. But you never know...Time will tell.
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