The wily Albers scores again.I can't complain as I have done...

The wily Albers scores again.I can't complain as I have done well out of all the Albers companies that I have entered, including this one.OXXCA should show up well on any list of dividend yields.I think a lot of specs would like to follow the example but lack the cash to pay the dividend.I am surprised that the dividend is fully franked as I would have thought OXX hasn't paid any tax.I will have a look at the Annual Report.
I can't see much action in the next 12 months.Perhaps Shell will drill with more work in NZ and Bonaparte Gulf.In the meantime so many groups are drilling in the Northwest that hopefully OXX will get some diluted benefit from their efforts,eg Santos drilling Petrel 7.