DLS 0.00% 69.0¢ drillsearch energy limited

With a market cap of about 240 million today, cash + undrawn...

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    With a market cap of about 240 million today,

    cash + undrawn debt = 171.5 million
    net debt 30mn
    Active hedging program in place
    NPAT = $58m
    Reducing capex (should maintain NPAT again next FY)
    Conservative 1P = 13mmboe, 1C=28.5mmboe
    Multiple free carries for drilling (Santos/Beach)

    Someone must be running the ruler over this company!
 
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Currently unlisted public company.

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