DLS 0.00% 69.0¢ drillsearch energy limited

drilling schedule, page-22

  1. 744 Posts.
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    re: canadian gas find Condor, CK and others, I think you will find Drillsearch has shifted the previously announced (26 Nov)interpretation/analysis effort, that was to have been resolved 10 days later (lets say early Dec) to the Ricinus area. These efforts require enormous cpu horsepower and expertise - in this day and age it does sounds ridiculous, but that is the reality. The DLS team are busting their chops over this, in fact they really have an enormous work load - it is, however, a pity they have not communicated this aspect to the market. Yet the share price has remained rather resilient - note others HDR, CUE, OEX all way off their highs of late, a good example being CUE 35% off recent high, with OEX the same, DLS off only 10%. On the other hand the options I think may at the end of the day evaporate - which is not so bad as it doesn't become dillutionary for encumbent FPO's.

    You have been working the figures to the bone Condor! - you should travel the Tasman more often. All back and refreshed in the seat. btw Happy New Year CK and Condor, and ofcourse you to Imorgante!
 
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