Indeed, the only thing that keep changing with DLS is that more oil is being found during this current drilling program.
I think they are currently producing around 550 barrels a day all up i.e Aust and Canada operations combined. On an annualised basis, that now around $18mill in gross revenue.
If they get this up to 1000 barrels a day, we are talking around $33mill in annualised gross revenue. Now we are talking serious cashflow......cashflow for acquisitions....cashflow to fund the higher risk projects....cashflow to fund dividends.
Comments welcome on the above numbers.
DYOR
DLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held