I have a different take on the history of DLS. I think the...

I have a different take on the history of DLS. I think the purchase of Acer Energy was a lousy deal for DLS shareholders. What did Drillsearch got out of Acer? Where is the value? Drillsearch compounded the problem by issuing US$125 m convertible note that was not hedged. Costing Drillsearch as much as $100m in losses once you add the foreign currency loss and the interest expense. Drillsearch went on to throw more money in Junifer/flax before giving up when Drillsearch realised that it was going to be costly to get the oil out of the ground in Junifer/flax.
A lot of Bauer profit was wasted on this Acer deal.
No thanks.