What the hell, page-33

Spec.
i bought into big capital raising in May 2011 thinking wet gas business will be big. I look at PEL106 and see that production is in decline! Without Bauer Drillsearch would have been just a spec stock. I found it strange that STO suddenly owns 60% of PEL106A and PEL513 in return for STO developing it. On those type of deals, how could the wet gas business pull in a lot of money for Drillsearch. Unless the resource are in the order of 50mmboe + , there really nothing much in wet gas for Drillsearch to have a big impact on its profits.