Ann: HY2015 Half-Year Results Presentation, page-4

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nordesmic

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19/02/15

11:19

Post #: 14782477
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Originally posted by speculator101 ↑

A good result overall, but I am disappointed that the PEL 101 drilling campaign has been pushed back or total off the cards for the foreseeable future. The gas is in the fields, just a matter of testing them (would hopefully have added a large amount of gas/wet gas reserves).

Also a little disappointing to see the full year production guidance 'tightened' or reduced. Clearly BPT/DLS are slowing things down on the Western Flank in regards to the tying in of wells. It will still happen, but they seem comfortable to let things slow a little.

The big change for me, is the massive reduction in work planned next FY (although I am hopeful this is more to do with development and not actual exploration). Of course, things could change with a higher oil price, but with the second half of YF2015 only having 1 high impact well, DLS will be a bit quieter than it has been for 3/4 years.

Hmph. I guess I was just hoping DLS large cash generation could better protect it from the lowering its work commitments.

Interesting to see how the market views all this. I think its the right approach and with their net debt still neutral they are still a very safe stock (IMHO).

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I was wondering why they showed the top 20 in the powerpoint presentation until I saw 'Network Investment Holdings Pty Ltd' at 3.8%'.

Network Investment Holdings is a wholly owned subsidiary of Seven Group Holdings.

So Seven Group have 3.8% of Drillsearch and 14% of Beach.

DLS Price at posting: 99.0¢ Sentiment: Buy Disclosure: Held
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Ann: HY2015 Half-Year Results Presentation, page-4

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Chimeric clocks $4.17M R&D tax rebate from Canberra