Vincerli, you may be right on the record date reset, I took it...

Vincerli,

you may be right on the record date reset, I took it from earlier timetable that as things proceeded as per amended timetable so far that it would continue for ensuing dates.

I have noted in previous Sept qtly that just over half the monthly oil production is hedged at $51 per barrel (till Dec 16) but I'm not sure how much of that hedging will transfer to LOL. I should assume that most of it will be part of our dividend until end of this year.

The hedging maybe a reason for demerger to give us best payback for our holding, again assuming 3 quarterly payments in the time left on hedging. It may even be in our interest to turn the taps down to somewhere near hedged barrels (3600/mth) until oil price recovers.

I'm expecting a caning on my portfolio again today with oil price falling further, sub $29/barrel. Lets hope the Arabs decide enough is enough, they have already caused big oil to stop a lot of exploration.