Cinbo, My calcs give me revenue of $67 for the current quarterly, although I am hoping they are able to beat that by a small margin.
Toll, DLS conventional 2P reserves of oil will last them at least 4-5 years if no further discoveries are made. They also have 10-20 years at least of wet gas production.
Even with 3D seismic, no well is a guaranteed success.
I think you are very wrong regarding DLS not being worth much.
Have you spent any time looking at the results that BPT/ICN have been getting in the tenements directly beside DLS' unconventional acreage? There have been comments made by some suggesting that the vertical results so far are very good.
Anyway, lots of drilling happening over the current Quarter. Looking forward to the drill bit doing the talking.
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