Hey Jezzy, it does indeed seem like there is not much interest...

Hey Jezzy, it does indeed seem like there is not much interest in DLS, yet as you say, DLS has through careful management ensured that they are hedged to the downside, have $131 million in cash (although this is largely balanced out by the convertible notes, but this could easily be mitigated by a sell down in some of their assets), have large free carrys by STO and BPT (which have the ability to actually carry them out even in this oil price downturn) and still be able to have a robust 22 well drilling campaign throughout FY16.

Pretty much just sums up my reason for holding, although there is also the topic of a potential T/O by BPT or outright by the Seven group. Anyway, I watch and wait for further catalysts, the first I think will be the start of the drilling campaign, should be in the next week or 2 (at a guess).