re: ok.... now thats over sold ScottIndeed, the only thing that...

re: ok.... now thats over sold Scott

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