Co stated: "Due to the significant declines in oil and natural gas prices and the uncertainty of future prices for both commodities, the Board of Directors has temporarily suspended the dividend. During this period of weak commodity prices, we believe that it is most important to preserve liquidity and have more funds available to invest in our drilling program. The Board will consider reinstating dividends in subsequent quarters based on general economic conditions, the Company's financial position, capital requirements and other factors."
No comments:
Post a Comment