End game to the oil rout, page-78

Spec
Thanks - that's great. I can now see why SP is suffering . They are essentially net debt and as AUD falls debt increases. They were stupid not to raise some cash through equity over a dollar to halve this debt
DLS can be valued very simply Imo . It's the one methodology i used before buying any CB producer
15x oil 2 p oil reserves ( I used to use 28)
8 times 2 p gas reserves ( I used to use 15)
Add 20-30 m for acreage minus net debt
That is your valuation
I am not sure what the above 2p figures are but that's how I would do it