Ann: New Wet Gas Discovery at Varanus South-1, page-14

Impressive fall today, both SP wise and the price of Brent, of course, with the AUD falling too, the blow is cushioned somewhat.

Must admit, I was going to put some cash into a different stock today, but with DLS under $1, I must add to my position. I can only imagine the slaughter that is going on in the U.S with their shale plays. High debt, margins becoming non-existant and exploration reducing. The Cooper players are the exact opposite, no debt, profits still being generated and exploration ongoing.