Capital Policy And Dividend ProtectionA conservative capital budget aimed at protecting a high-yield dividend preserves the balance sheet while leaving the option to deploy additional capital into conventional operations if commodity prices stay elevated.
Project Execution And Capacity RampSuccessful execution of the Reford project reached expected capacity and secured a fixed-price contract for the processing facility, supporting higher production and improved unit costs.
Thermal Development ExpansionAdvancing a second Reford phase and the Kelfield thermal asset could expand production and lower the corporate breakeven, increasing flexibility to raise shareholder returns or reinvest.