Tastarg, how is DLS's involvment in the Mulberry Field (part of...

Tastarg, how is DLS's involvment in the Mulberry Field (part of the Tintaburra Oil Field) marginal ? DLS has 10% free carry and increasing that by stumping part of the costs of production for the rest of the 51 well programme. DLS will be increasing it's revenue's this year by over 100%. Not marginal at all :)

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Since it began in Feb 2006, the largest program of continuous oil drilling ever undertaken in the southwest Queensland section of the Cooper/Eromanga Basin is off to a fantastic start with the successful completion of the first five wells (Mulberry-6, Mulberry-7, Mulberry-8 and Mulberry-9) of the 51 wells to be drilled. All the wells encountered fair to good oil shows in mud logs in the Birkhead Formation.

Mulberry-1 was drilled in 2004 and is producing oil at a rate of approximately 600 barrels of oil per day. The 51 wells are designed to achieve additional oil production and to test the extent of the oil pool in the Birkhead 11-77 sand discovered in the Mulberry-1 well. The Tintaburra Oil Field contains significant proved undeveloped oil reserves and exploration up side.

ACOR's ORRI under ATP-299 will help build ACOR's ORRI revenue in the Cooper/Eromanga Basin.

The Mulberry Field is part of the Tintaburra Oil Field on ACOR's ORRI under ATP-299. The Tintaburra Oil Field is estimated to contain around 84 million barrels of proved plus probable oil in place or approximately $5,036,640,000, at current market prices.