Good buy at 7c....... have faith and you will be rewarded I am sure! Agree they are increasing their 2P reserves and production. It will only take one piece of good news for this stock to be at 20c once more. Per the annual report they are planning on drilling a second well in WA318P in 2008 which means they must be renewing the permit as it expired Dec 2007. It also talks about tacking on the turtle and barnett seismic surveys to the WA318P survey which will achieve a major cost saving. Plus the sell off of bounty oil (non core asset disposal) will free up cash. Interesting times ahead. It is sad that the company has lost staff but I am adamant that Kelso was sacked!
YogiBear, smarter than your average Bear!
DLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
