DLS 0.00% 69.0¢ drillsearch energy limited

Ann: 2015 Full-Year Report, page-9

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  1. 1,632 Posts.
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    Based on BPT update and downgrade of its gas reserve in its 20% share of SACBJV, Santos needs more gas in the Cooper Basin to keep the Moomba gas processing plant running at its rated capacity. Moomba just had its infrastructure upgraded to process more gas. But SACBJV failed to find additional gas last year in its exploration areas. Santos got lucky in PEL513 which is 40% owned by Drillsearch. Santos will press ahead to develop PEL513 and PEL106A. The question I want to ask is how much EBITDA upside can PEL513 and PEL106A contribute to Drillsearch.
    Same question on EBITDA upside on PEL106B (50% BPT, 50% DLS) wet gas business once the planned gas compressor is installed by this FY.
    It's been a long time coming on the wet gas business. What sort money is in it?
 
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