DLS is now building trust and the market is really beginning to believe it.
the 1st duster from 7 and its holders have faith.
I'd say the market has read into the 2nd part of yesterdays ann and see the bigger picture, GO DLS:
Forward Operations: Precision Rig DPI-735 was moved to the Mulberry 11 location (see Map 1 above) and it was spudded as an oil delineation well, at 2200 hours on 24th April, 2006. At 600 hours on 26th April, 2006, it was at 223 metres having set surface casing and was preparing to drill ahead. Weekly Reports: The Tintaburra Block joint venture has now completed 7 of the planned 51 wells within the Block concentrated on the Talgeberry - Mulberry - Endeavour area. A second Precision Drilling semi automated rig is expected to commence drilling at Endeavour field during May, 2006. With 2 rigs operating at Tintaburra Drillsearch will in lieu of progress reports on individual wells, commence weekly reporting on this expanded drilling programme with commentary as required. These reports will be issued wherever possible before the commencement of trading on Tuesdays or the next available trading day. The first report will be on 2nd May, 2006.
DLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held