A positive view on DLS...., page-6

Very much agree Loc. Conventional and tight gas/wet gas is what you want. Which as you say is what DLS has and BPT only currently have a small part of.... Also agree about stacked plays.

Not all unconventional is the same, and with gas prices in Australia being much higher than in the U.S, the jury is still out.

We will see, perhaps Origin and SXY will prove that unconventional gas is not dead and buried?

I think if the wells have already been drilled and can simply be fracked or worked over, its a different matter, I mean the Cooper Basin has thousands of wells. Recovery improvements might make it worth while, but perhaps not a game changer either.

I agree Santos is king of the Cooper, but they have spent big on unconventional (in 2013 & 2014), and will continue to do so with DLS and the $42 million free carry they have to provide DLS. They should start drilling it in the next few months. Although obviously they are cutting back on the big programs now. Still going to be an interesting year for DLS and the other players with the LNG firing up.