DLS 0.00% 69.0¢ drillsearch energy limited

Ann: Quarterly Report December 2015, page-8

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  1. 1,632 Posts.
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    Interesting news on CSG in NSW. AGL winding down their CSG production near Sydney and pulling out of Gloucester. In QLD, AGL selling their CSG assets (gas production not promising). I expect Santos to put on hold their CSG project in Narrabri, NSW.
    That leaves Santos to hopefully go full speed in PEL513 (60% STO,40% DLS). 4 explorations to be drilled soon in PEL513. Could b good outcome for BPT/DLS.
    Also in SACBJV (20% BPT), gas in storage right now will be sold to GLNG. This will free up money without having to come up with capital spending.
 
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