btw - I should have mentioned the hedging that DLS has in place....

btw - I should have mentioned the hedging that DLS has in place. Whilst it only provides about 15 months of protection (and does not cover all its production, approx 55%), it will make a huge difference to revenue if the price of oil does not lower (or even stabilizes were it is). With Brent at around U.S $50, DLS is still receiving AUD $65 a barrel, or making $36 a barrel in profit (no tax to be paid until 2018 at the earliest)