Well I just hope that DLS does not go off on an adventure overseas!
Geez, it just never works out imho. look at other Aust O&G- the smaller ones just don't have the funding.
DLS should stick to its knitting.
DLS talks about its experience and business model - well that's only in Aust!
so if we talk about Aust "Basins" - yep the Perth Basin is ripe for picking.
The "NEW" EGO is going well, and is looking to farm-out some of its prospects.
it is actual a O&G producer now, with good cash flows due to ramp up in August after paying off the Alcoa debt.
it has just done a comprehensive Survey.
it as permits right next to the big AWE discovery
so the skill set, cash flow and C/B experience would make a good fit to get a meaningful farmin with EGO in the Perth Basin. A bleedin' good tie up.
DLS Price at posting:
$1.08 Sentiment: None Disclosure: Held
