DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Macquarie Securities Conference , page-24

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,303 Posts.
    lightbulb Created with Sketch. 664
    Barney, I was not going to include any maps... but then of course I got sidetracked.. and well, read on. :)

    To placate those that do not like maps... this article should kill some time. The numbers in regards to exploration spent on PEL 91 is way off, but other than that it has some interesting little hints about the next quarterly... i.e.. PEL 91 currently producing at 14,000bopd.. (I am assuming this is because more fields are being tied into the Bauer Facility)

    Australian Drillsearch eyes Cooper Basin unconventional gas

    btw - Its strange how the market values some companies versus others. A new entrant (like a couple of months) to the Cooper Basin, RLE, pretty much has 100% of DLS sold acreage, yet its MC is $40 million. I am fairly sure the acreage was worth almost nothing when DLS sold it to them. Anyway, I do have a map for you afterall Barney.

    The interesting part is that RLEs 'acreage' is surrounded by DLS anyway and DLS will get 3 free kicks later in the year when RLE drill wells which will prove up resources across their acreage too.





    RLE plan to use U.S techniques to get at the resources in their Tenements. It will be interesting to see if they are more successful than the other players... considering their size.
 
watchlist Created with Sketch. Add DLS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.