DLS 0.00% 69.0¢ drillsearch energy limited

My ranges for underlying profits in one of my previous posts for...

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    My ranges for underlying profits in one of my previous posts for the next 6 and 12 months take into account an oil price of up to $90. Sure the share price might move if we see $90 oil again in 6-12 months, but I'll stand by my view that the underlying profitability won't be enough to overcome the outstanding debt obligations in the next 3 years if oil doesn't go above $90. In which case without sales of new gas or gas assets, dilution or a diminishing cash pile are the only two options.

    We will see.

    Eshmun
 
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