BW
I think you'll find that the Gippsland acreage, Flinders etc are all on the chopping block as DLS "focusses" on the Cooper. Where's that presentation where BL(?) describes the different cultures of the GOG?DLS components? GOG was, (and I paraphrase), boring as bat guano, while DLS kept the punters interested. Seems to me the bat guano has triumphed over interesting, ie the 40% "equal" has made a de-facto takeover of the 60% equal.
We are now seeing the end game of scumbag initiated board manouveurings over the most recent phase of DLS, (and I've been a shareholder since the Armstrong years of wild-catting, casino-like plays in PNG, gold exploration etc), where DLS is being transformed into a beefed up GOG.
I for one am very disappointed.
Not that there isn't interest- a large chunk of funds is being channelled into proving up a contingent resource which, by definition faces technical, marketing and financial challenges. BL talks a good talk but this isn't even close to being bookable as a reserve when it may be of eventual value to us!
TR
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