As is the case with emerging oil and gas exploration and production companies, Cooper Energy generally seeks to fund the future cash demands of the business from its production revenue base.
Given the company's size and stage of development, it is prudent to accumulate and retain adequate levels of cash within the business to fund future new ventures and exploration activities. It is also generally accepted emerging oil and gas companies can provide a greater overall return for their shareholders through share price appreciation that results from the reinvestment of funds within their business than by the payment of a dividend.
In consideration of the above matters, and the growth aspirations of the Company, the Directors of Cooper Energy have a policy of not paying a dividend in current circumstances.
This policy will be reviewed should circumstances recommend.