Net debt is close to zero by end of September. There is a lot of working capital tied up at end of June and should move to cash. Add net cash flow this Sept qtr of $20m and debt is almost covered by cash. If you add the possible sale of Tintaburra oil asset currently for sale at $25m, Drillsearch would be in net cash position.
DLS Price at posting:
52.0¢ Sentiment: Sell Disclosure: Held
