DLS 0.00% 69.0¢ drillsearch energy limited

So Goldman's can see oil going to $20, page-12

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    The years you discuss DLS executed to acquisitions and invested a lot into growing infrastructure to sustain high production levels long term . You suggest its FCF and investment levels are indicative of future spend . DLS was in a strong growth phase ( my view the acquisitions weren't flash ) and their ability to adjust capex to cashflow is strong. They have made it very clear at the Results CC there expenses will occur within their cash flow levels
 
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Currently unlisted public company.

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