dls sp supported, page-31

re: more good news from dls (fund managers) Bello,

Regardless of what people may think.......Kelso is really bound by what Santos decide to say, as DLS has 10% of the venture.

It is easy to criticise, but Santos are conservative and only like to 'parade' when the job has been done.....little bits of news all add up and we will see upgrades on an ongoing basis. Remember these wells are to enhance an already known field and not only increase production but increase reserves - both done conclusively well to date.

Wait till the programme is escalated...that will get things cranking, beyond the 2nd rig starting tomorrow

btw did you know that DLS has reserves that exceed those of Cooper Energy, yet its market cap is less than half?

You work it out, based on this and the current profitability of DLS, the SP should be 30 cents, plus whatever you think Mulberry11 is worth together with whatever else happens

Consider how tightly the stock is held and that the raising concluded today was twice over subsrcibed and you have the ingredients for an interesting time ahead

Good night guys and gals,

jr

p.s. and throw in an insto or two.....