DLS 0.00% 69.0¢ drillsearch energy limited

dls needs to raise cash

  1. 744 Posts.
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    As it known that the last well has enough oil to cover the cost of drilling, only, why has DLS risen so dramatically?

    Quite strange isn't it?

    It is also known that DLS has little cash and MUST raise capital from it's shareholder imminently.

    So why the rise in shareprice?

    Does the company think that Beach will come back with a BIG offer?

    Well we might have to wait and see.

    After all, Beach have deep pokects and no debt.

    jr
 
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Currently unlisted public company.

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