BB1 and BB2
I understand your comments, but the key advantage of Santos paying any dividend is that Instos will get back on board and that should lead to a higher SP.
The point of starting this discussion, is that the Santos regular cash inflows from operations are now strong enough to meet multiple targets, such as:
Pushing the blue sky potential at Barossa and Narrabri
Further net debt reductions by 2019
And paying a small dividend to get the instos back on board.
Cheers
FT
It's time to spin the dividend wheel, page-14
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