Hey Mr El,Think DLS may be waiting for results of seismic in the...

Hey Mr El,

Think DLS may be waiting for results of seismic in the Cooper Basin to help with their decision.

GOG has some excellent ground for exploration both on & offshore & has some nice size discoveries awaiting to come online. Waiting....Wiating.....

DLS is a nice little company, growing with their TintaBura fields & a few others. GOG wouldn't be too bad a startegy for DLS imo (Way better than BUY) & they are definitely giving it a close look. DLS have tie ins with STO already to help with sales negotiations. Doubt that rasing the cash will be too much of a problem for a shot at GOG although markets are getting a little tighter of late. DLS have working relationship with STO ?

BPT..... think they have just changed direction with recent purchases, discoveries & a few duds from GOG.....happy to let the holding in GOG slide at even money by the looks of it.

To me, it all adds up for DLS to grab a chunk of GOG for a shot later at takeover or just a strategic partnership....but I think GOG's a value play at todays prices even if DLS don't come to the party.

GOG have more drills coming around mid year (From memory) ...the only thing they really lack at the moment is getting their finds to market....The only downer I can see from GOG would be a capital raise near term.


Luck to ya & remember, i've been wrong before :)