DLS 0.00% 69.0¢ drillsearch energy limited

I am in

  1. 15,774 Posts.
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    Bought today at 82.5 82 and 81.5
    Simple reason
    it costs more to find a barrel of oil than DLS is valued at .
    Their reserves are likely to be maintained if not increased
    costs of prod very low
    production over numerous wells therefore risk of reserve downgrade very low
    Bauer will keep delivering
    I love the wet gas business

    don't expect price to rebound to 1 dollar any time soon but without doubt a good oil exposure with zero net debt
 
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Currently unlisted public company.

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