Ann: 2015 Full-Year Report, page-2

Great... share price halves, yet net profit after tax essentially unchanged. DLS obviously booking in impairments/writeoffs but the underlying business is strong. Reserves report show 1P/2P up across the board.


Average realised oil price ($ per barrel) 89.5
Average realised oil price including hedging gains ($ per barrel) 97.2
Average total operating cost – oil ($ per barrel) 31.1

They are still making a very healthy margin here even without hedging! Of course oil is weak as pi** right now, but when it stops tanking like Carlton and Brisbane this will make some serious headway again.

Cheers
-Cali