One way of looking at what DLS is currently worth is to consider...

One way of looking at what DLS is currently worth is to consider it from an asset stripping point of view.

Lets say a company decided to take it over and just milk the existing wells and not spend anything on new wells for the next 6 six years.
They could reduce company overheads to say $1M per annum and just keep the net cash currently being generated from the existing wells.
The existing production would drop significantly due to depletion but my guess is over a 6 year period they could still net maybe 10Mboe.
Even at the current POO this could generate net cash (After Tax) of approx $340M and you would still have 3M boe P1 reserves (another net $90M cash) plus all the P2 and P3 reserves.
So even if you sold all the P2/P3 reserves for say $100M that would net you $530M in Cash even at current oil prices.

Current MC is $249M and Current assets less Liabilities is net almost breakeven.

So it theory you could make a 113% after tax return over six years by just doing nothing and if the POO increases during that time you will make considerably more.

On that basis I bought in yesterday at Av 55.5C as the current SP is just ridiculous.