Ann: New Wet Gas Discovery at Varanus South-1, page-41

g12m0,

This first half year return im not as concerned about, I’m a little more worried about the following quarters as the hedging you mentioned only seems to be available for February to April 2015 for 80 Kbbl (Annual report Page 104 under e. Commodity Risk Management). This to me leaves DLS very exposed to reduced revenues unless oil increases significantly over the December/January period. My question was did I miss something regarding the current open positions they have regarding oil hedges?

BTW I’m not very accounting savvy and therefore don’t read over many annual reports very often. So please go easy if I made a rookie mistake!