Ann: New Wet Gas Discovery at Varanus South-1, page-22

Seriously.. sachinsyd, the debt is in convertible notes (They raised U.S $125 million..... at a low interest rate of 6%. The notes are due in Sept, 2018, yes, that is 4 years away. There is very little risk for DLS, hence why the company chose to utilize the notes to support their T/O of Acer Energy.

Then you have the simple fact that DLS has over $170 million in cash. Which I suppose they could use to extinguish the notes, but that would be stupid, as the money is much more useful building the company project pipeline.

I wonder if DLS would be tempted to buy a couple of million dollars worth of shares back, if the SP gets a bit lower. DLS is possibly one of the safest Oilers on the ASX. Period. (IMHO).