Nuke,
Why the report definitely shows a company with promise, It’s nothing different from there previous announcements promising good things. Probably best not to get your hopes up too much with this one, although that div looks like a bit of relief for you shareholders who have taken a battering.
Also I noticed that some of the AED operations team have joined Sinopec. I would have thought that Sinopec would have stayed well away from the AED team and not taken them on board given their previous poor management of the field, although I did only gloss over the report I may have miss interpreted that. But for all you holders may be worth a check.
I’m still staying well away from this one, but good luck to all those still holding, hope it turns around for you.
Declaration of a Special Dividend AED Oil Limited (“AED”) is pleased to announce it has declared a fully franked dividend of 20 cents per share (approximately A$31 million). The dividend payment represents part of the strategic and capital management review undertaken as part of the sale of 60% of AED’s assets to Sinopec International Petroleum Exploration and Production Corporation (SIPC), giving rise to cash proceeds previously reported. The Directors of AED have decided that all shareholders should directly benefit from the successfully completed sale of asset transaction. Shareholders are referred to the June 2008 quarterly report for further details. The dividend will be paid on 5 September 2008 to shareholders registered at the close of business on 22 August 2008, exdividend
date will be 18 August 2008.
Don't hold your breath I feel really sorry for the girl's answering the phone and taking messages lets see.....$350m @9% interest thats $31m p.a that's worth at least .20c paid back as a dividend or they can spend a night at Crown Casino and double their money Packer did
cheers laurie
Hellllooooo! Is there anybody there or am I the very last person with any interest whatsoever in this stock. I am a die hard optimist much to my bank manager's dismay but even I am losing interest in this. Is there any hope on the horizon?
Hope could be:
1. Sinopec increase flow rates substantially.
2. Exploration success.
I am cynical if either of these happen in the near term.
Hellllooooo! Is there anybody there or am I the very last person with any interest whatsoever in this stock. I am a die hard optimist much to my bank manager's dismay but even I am losing interest in this. Is there any hope on the horizon?
woot!!
Got my cheque for....(Drum roll......).....$26!!!!LOL
For the franked dividend.
Thanks AED!
{Absolutle no sarcasim ment...not one bit!! } :horse:
Hm only $26.00? how many shares did you buy?
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