DLS 0.00% 69.0¢ drillsearch energy limited

Seven well placed to play both sides in Cooper, page-4

  1. 7,303 Posts.
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    Barney, DLS used to have assets all over the shop. BPT is just copying them. The end result is DLS is a better company.

    BPT is clearly going to sell its Egyptian assets in the next few months. Romania has been mothballed, and all that's left is Tanzania, which WPL is J/V in. So they will most likely keep that.

    I agree BPT should have focused at home. But too late now. Reg is gone, new guy can start afresh.

    Lots of synergies with BPT/DLS. The main benefit for BPT will be increased cash flow from PEL 91 and be able to develop the very large as yet untapped wet gas assets DLS has.

    Sorry this is short, pressed for time.
 
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