DLS 0.00% 69.0¢ drillsearch energy limited

Hi all.......... DLS has been puished, bashed, beaten and raped....

  1. 27 Posts.
    Hi all.......... DLS has been puished, bashed, beaten and raped. Typical market reaction to news that the market views as negative. I don't believe the announcement was all that bad. I think the market has over-reacted. There were some positive points in the announcement. If DLS goes ahead and does 3D seismic this will be enough for me to believe the directors are not telling the market the full story. Why go ahead and do 3D seismic and a future well if the permit is a dud. I think they are holding back on something they know about but want to do further testing to confirm. Conduct formation evaluation programme of wireline logging, pressure and fluid samples. Remembering the well was an exploration well and if it was a dry hole that would be the end of it. For further study and seismic to be conducted sounds sus. Remembering it costs money so why bother unless they has found some significant indicators. Any thoughts?
 
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