Ann: Quarterly Report March 2015, page-2

Very solid quarter. Although next one will be better in regards to production (the POO will most likely be similar)
Great to see DLS cutting costs at the top.
The current hedging has provided an excellent way of ensuring good margins continue for the oil business.
Lots of wells to come online and Western flank production already back to 12k bopd (gross).
Cash burn of only $10 million with lower capex planned.
Lots of wet gas discoveries paid for by STO (none of which have been bought online yet....)

A leaner DLS is needed right now. Although with the POO now above U.S $65 (brent), in AUD its close to $80 per barrel anyway which means DLS should be looking at revenue of above $260-290 million for the year.