Eshmun I agree re US rate hike and my worry is the FED has big...

Eshmun
I agree re US rate hike and my worry is the FED has big linkages into many of the big financial institutions such as goldmans and jP Morgan . I wonder whether the connect money is not already out. These are the same people that will but good assets at the Nadir .

Gm- I agree a 65 oil price and AUD of 70 is good enough for DLS, but cash costs vs sale price is not true margin. You have keep drilling to maintain production and finding new reserves . There are taxes and corporate costs. All these make real margins often a lot lower