I would hope so but I don't think so.
If it was covering wages and salaries we would be at least 5 cents a share by now.
Let us do some calculations here....
10,631 Barrel's ÷ 28 days in February
That is 378 barrel a day to BAS
(Barrels) 379 X $35 = $13,265 a day
If we times $13,265 by 365 days a year =$8,423,275
This would mean we shareholders should be getting a dividend of .003 every year
Some people have been here for more then 2 years and no dividend was given.
So I am lead to believe that most of this money has been paid in wages and salaries.
Could be wrong but if we can double production maybe every year Tino can keep his wage as it is now and the other half pay it out as dividends to us hungry shareholders.
If this was to happen I would say even 5 Cents a share would be cheap.
GLTASH
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- Ann: Onshore Indonesian Oil Operations Update - February 2019
I would hope so but I don't think so. If it was covering wages...
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