Investor Presentaiton
STRONG FINANCIAL FOUNDATION WITH NO BANK DEBT
Fully Funding Shareholder Returns and Capital Programs
Strong Liquidity at Sept. 30, 2023 (US$m)
■Cash and Cash Equivalents ■RBL Availability
Liquidity US$153m
Initiated Sustainable Dividend Program (US$/share)
$0.07
Share Buyback Program (US$m)
To be
Paid in
Dec 2023
$7.00
US$50m
$0.06
$0.05
$0.04
$0.06 $0.06 $0.06 $0.06
$6.00
$5.00
$5.0
$4.5
$4.00
$0.03
$0.03 $0.03 $0.03 $0.03
$3.00
$3.0
US$103m
$0.02
$0.01
$2.00
$1.00
$6.0
$0.00 $0.00 $0.00 $0.00
$0.00
$0.00
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q3 2023
~US$50m undrawn RBL at Sept 30, 2023
Fully funding capex, dividends and share
buybacks while growing liquidity
■ Initiated $0.0325/share quarterly dividend in Q1 2022
Increased dividend in 2023 by 92% to $0.0625/share
quarterly
www.
Slide 16View entire presentation