DLS is the standout oil play on the ASX right now. Its got high production, super low costs, a large drilling program for FY16 and all the while, has huge pile of cash plus the ability to further reduce capex if needed.
BPT has to make a move soon, they are quite literally running out of cash, as I believe the next quarterly will show. BPT has barely any hedging and what little they do have is useless. They still have the SACB J/V work programs to fund with at best, flat production profile. I think all will be made clear soon enough (although I have thought there would be a conclusion to this already).
DLS Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held