Ann: Macquarie Securities Conference , page-9

I think that because there is little drilling going on right now, DLS is being rotated out of, if only for a short period. As from July, the drilling will be none-stop, with the first fraccing of their Uncon wells to occur in the Sept quarter.

I look forward to BPT/DLS providing the market with their new drilling campaign in PEL 91/PEL 107 and also SXY/DLS plans for PEL 182. Then you have STO/DLS and the wet gas, the eastern field and FINALLY... Flax, then Juniper, then the Northern gas tenements.

All the while the cash balance will grow.

It is interesting to see BPTs share price hold up better than DLS, although at a guess, BPTs Tanzanian farm-out process must be getting close.