DLS 0.00% 69.0¢ drillsearch energy limited

Qrtly

  1. 7,303 Posts.
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    Just had a quick look at BPTs new presentation (slide 18)

    BPT preso

    It states that PEL 91 is currently producing at gross rates of 12,500 bopd, so that's 7500bopd net to DLS.
    So assuming that rate has been fairly steady throughout the quarterly. It should be a solid one. Even with the lower price of Brent crude, the AUD fall has mitigated it. A guessimate for the average price will be around $110.

    So DLS should be able to produce around 700kbopd at least this quarter (including the Eastern Flank and wet gas)

    Anyway, DLS is earning good money in a tough market.
    IMHO - DLS is cheap.
 
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