Ann: Managing Director's AGM Presentation - A, page-2

re: Ann: Managing Director's AGM Presenta... DLS continues to quietly increase its production. As nordesmic posted, DLS will eventually increase their production guidance which will surprise no-one...

9500 bopd NET to DLS each day (about 10-15% is gas and wet gas). With just 3 western flank fields providing the oil currently and many fields just sitting there, waiting to be used to top up production when needed. A nice luxury to have in the oil and gas business!

Current production is providing the company with $1 million in revenue per day.

Just for those that don't want to go through the whole presentation. Here is the most important slide for me... wells to be drilled.

Over the next 12 months alone, DLS will be drilling 44 wells (including the 2014 Dec quarter). Great to be in an oil and gas stock that has lots of exploration on the go.

I wonder when the penny will drop regarding DLS value compared to its peers, especially SXY. I know SXY is sitting on some very prospective acreage (part of the reason I hold it from time to time). But if it does not get developed, its just a nice shiny trophy on the mantle piece.