Yes - I was a previous holder of DLS and have held BPT , COE and SXY and impress and sTU over the years so I know the CB basin well . DLS will deliver more oil finds and Bauer and other fields likely to add to reserves . Some of these fields have the tendency to keep adding to reserves for years and like Callawonga held by BPT / COE , I am sure Bauer and some other fields will have reserve additions which will offset some or all of the production for at least a couple of years
i am assuming EPS decreases by 30-40% and even then I think it's cheap on current prices
DLS Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held
