DLS 0.00% 69.0¢ drillsearch energy limited

What the hell, page-36

  1. 7,303 Posts.
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    Each to their own g12m0. I guess I am actually more surprised you hold the stock (as I am comfortable with my level of understanding in regads to the future value of DLS assets), as far as I can tell there is nothing you like about the company, its prospects or its plans to grow for the future..??

    Your comment abut the U.S has little relevance.... DLS has never had any plans to flip assets. As for gas, the main difference between the U.S and Australian gas demand, is that their gas is a by production of their oil wells, ours is either used locally, or sold via LNG. i.e, we have a market mechanism they do not (although in perhaps 5-10 years that will change).

    As STO develops PEL 513 etc, they will start to book more 2P once production starts. Perhaps then we can again discuss the value, or lack of.
 
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