BW,
So the field is in decline. Is this a measurable fact based on the technicalities? As I said I know jack about oil and gas, but you would think that if the field is in decline it is "knowable" from the number of wells, the spacing of wells, pressures in the wells, the geological/geophysical data that defines the reservoir, the costs of extraction, the cost of more drilling etc and the POO. Is the economic rate of recovery from DLS's conventional oil reservoirs increasing or decreasing ? Anyone else got an opinion or am I the only mug who is flying blind here? Speculator you've got a lot to say about this stock on a technical level, what's your opinion. Are we reliant on gas to grow from here? What do the economics of DLS's conventional oil reservoirs say about the future growth of the company?
To be quite frank what 7 does has no real bearing on the quality of DLS as an investment. They are investors like any other, they will make their own calls. They take a view on the oil price and DLS's business just like anyone else. They may think oil will rise to $90-100 again and see DLS as bargain basement at the moment. They might have it completely wrong.
Remember that a few very savvy, very rich fools bought into channel ten at very much higher prices than it is going for now.
Eshmun
Eshmun
DLS Price at posting:
97.0¢ Sentiment: Hold Disclosure: Held
