04-19-2013, 05:20 AM
Just for the sake of argument, I do not recall chatter about share buyback yet I recall comments about divs and stock split, specifically from Aug cc by CV. In cut and paste form.
Collin Francis Visaggio - Chief Financial Officer
Thanks, Phil, and welcome to everyone listening to today's presentation. Just a few opening remarks. We continue to progress and expand on our Gulf LNG project to monetize the existing resources, and we also continue to invest in our exploration portfolio for the future. We had completed another milestone on the Triceratops discovery monetization, with the signing of the farm-in agreement with Pacific Rubiales Energy, which Phil just highlighted.
Completion of the agreement in the next few months, in addition to the debt financing proposed, will increase our cash position and fund our near-term accelerated drilling plans. The assets sell down will fund our Gulf LNG Project and our longer-term accelerated exploration program. Once this sell down is concluded, we will consider our optimal capital structure and potentially return funds in excess of our requirements to shareholders. Additionally, we will consider creating trading liquidity through a stock split.
Collin Francis Visaggio - Chief Financial Officer
Thanks, Phil, and welcome to everyone listening to today's presentation. Just a few opening remarks. We continue to progress and expand on our Gulf LNG project to monetize the existing resources, and we also continue to invest in our exploration portfolio for the future. We had completed another milestone on the Triceratops discovery monetization, with the signing of the farm-in agreement with Pacific Rubiales Energy, which Phil just highlighted.
Completion of the agreement in the next few months, in addition to the debt financing proposed, will increase our cash position and fund our near-term accelerated drilling plans. The assets sell down will fund our Gulf LNG Project and our longer-term accelerated exploration program. Once this sell down is concluded, we will consider our optimal capital structure and potentially return funds in excess of our requirements to shareholders. Additionally, we will consider creating trading liquidity through a stock split.