If it were up to me, I'd propose a 0.05/month dividend as soon as Stella came on line in early 2014.  That would provide a good 0.60/share in dividends for shareholders and should support a $5+ share price.  We've all seen cash flow models for IAE once Stella comes in and 0.05 is very easily supported by cash flow with a lot left over to go back in to E&D to replace any production declines.  Of course, it would be reasonable to start now to get more acreage in inventory and more discoveries lined up for future development.  Stella is the last big prospect in the inventory for now and they are going to have to start adding over the next year or two unless they plan to maintain production by purchasing developed fields or cheap farm ins on things like AEN's Fyne & Dandy project.