Ann: Monthly Drilling Report - February 2015, page-66

JCourse - DLS is not doing anything wrong in regards to their tax situation. They have spent huge amounts of cash over the past 5 years developing Bauer and their other assets, which are able to be claimed against their income (just like any other normal business). Then when they bought out ACN (Acer Energy), they gained some huge tax benefits, as ACN had losses that at a guess, were over $200 million (but possibly much more).

So to sum up, BPT pays PRRT because they have used up all their capital losses/capex spend etc.
DLS has not and will not until 2018 (approx). The fall in the POO, may also mean that because DLS is making less, the tax carry may extend even further into the future.

g12m0. Great posts.
The unconventional aspect of PEL 106 & PEL 513 are indeed yet to be tapped, but they have proven deep coal gas exists in large quantities across the majority of the tenements, just need to find out at what rates etc.
Also agree about PEL 513 (North/South) yet to be even touched. Heaps of exploration to come.