Ann: Drillsearch Energy Reports FY2015 Full-Year Results, page-11

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g12m0

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27/08/15

19:44

Post #: 15889230
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Originally posted by speculator101 ↑

Lots of positive articles on DLS results (of course, considering they are making good money even now).

DRILLSEARCH BENEFITS FROM OIL HEDGING
I like this part - "That's much better than the market had been expecting and that could see further support for them. That makes them a bit of a standout in the sector."

Plus some others-
Drillsearch Energy keeps its head above water as rivals sink
Drillsearch Energy Limited shares surge on big growth targets

Of course, I have to include this one in regards to Seven Group and possible Cooper Basin consolidation.

Seven Group CEO says oil collapse supports Cooper Basin consolidation

"We think there's a natural drawing of these two assets together: the value opportunity should be there, they own a lot of the same fields so there's a natural synergy," he said.
"We think in this market, at this oil price, that case becomes even more compelling."

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In AFR online, Credit Suisse thinks Beach Energy could do a hostile takeover on Drillsearch and get it over the line without DLS board support. A 25% to 30% profit would be enough to get Drillsearch shareholders to accept merger offer.
Pretty silly reporting. Drillsearch trading at near record low levels. 30% premium to current share price is insufficient. But let's see what happens next.

DLS Price at posting: 65.5¢ Sentiment: Sell Disclosure: Held
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Ann: Drillsearch Energy Reports FY2015 Full-Year Results, page-11

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

HotCopper Highlights: Your most watched stocks for Week 48, 2024

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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