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g12m0

1,632 Posts.

52

12/12/14

10:51

Post #: 14450486
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Originally posted by dw101 ↑

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!

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Dw101

you didn't miss anything. It is just the annual report is not up to date. Hedging on latest DLS announcement is us$70 850,000 and $90 of 80,000. These should cover between 60% to 65% of oil production from Jan -June 2014.

DLS Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held

STO Price at posting: $7.23 Sentiment: Buy Disclosure: Held
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