DLS drillsearch energy limited
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Must be a takeover target

  1. Caliente
    2,619 Posts.
    lightbulb Created with Sketch. 9
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    10/09/15
    16:02
    Post #: 15970798
    With a market cap of about 240 million today,

    cash + undrawn debt = 171.5 million
    net debt 30mn
    Active hedging program in place
    NPAT = $58m
    Reducing capex (should maintain NPAT again next FY)
    Conservative 1P = 13mmboe, 1C=28.5mmboe
    Multiple free carries for drilling (Santos/Beach)

    Someone must be running the ruler over this company!
    DLS Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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