DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Quarterly Report September 2014, page-15

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  1. 2,773 Posts.
    It is a great time to buying on the back of the oil price weakness. Give it another couple of months and we will be closer to US$100 a barrel than US$80, IMO.

    The best thing about DLS is that we produce some of the cheapest oil going around and we play onshore where wells are relatively inexpensive.

    Globally more and more money is being spent on exploration and less and less is being found.
 
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