DLS 0.00% 69.0¢ drillsearch energy limited

Dont run by SXY projections which are not worth the sound bite!...

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  1. 1,629 Posts.
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    Dont run by SXY projections which are not worth the sound bite! Use history. You can see from last BOE sales in DLS half year presentation. DLS basically net $19/boe, which is about $3m/PJ or $81m for 27PJs. The pricing is oil linked for gas and free market for the liquids, which could be up to 25% on top for liquids (at 15bbls/mmcf @$52 bbl net). Putting the pieces together and I think we will have a significant wet gas business that will produce "like a whistle". Aside, I note that the Raven field had 80BCF recoverable wet gas.

    I'm coming to hope DLS does not get taken out...
 
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