Ann: 2013 Full Year Results Briefing Presentation, page-5

re: Ann: 2013 Full Year Results Briefing Pres... My understanding is Drillsearch receives $2 premium over brent price. Brent currently is about US$ 116. This converts to about A$131 per barrel. Cost is about $25 including royalties and transport cost. I think the Jul-Sept qtrly report would deliver DLS a blockbuster result. The wet gas 2p, 3p upgrade in PEl106b is outstanding. Enough wet gas reserves for over 30 yrs! Dls should look into doubling wet gas production in Pel106b.
And DLS now looking at putting Flax back into production. bring it on!
But the best prospect is in PEL91. BPT was suppose to bring in an extra drilling rig. A lot of targets been identified from 3d seismic but pretty slow in exploration on PEL91. BPT as operator and predator is playing their cards carefully.