DLS drillsearch energy limited

Cheers Auto. Good to hear that the debt will be put to bed soon....

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    Cheers Auto. Good to hear that the debt will be put to bed soon.

    Fair enough about the actual amounts of debt. So DLS could borrow another AUD $50 million and only have a net debt of $200 mil considering they have $150+ in the bank right now (if they spent $200 mil). Perhaps that could buy them 10% of the SACB with BPT buying some from ORG and STO to get them to perhaps 40%.

    Although I think I would still prefer 50% of Mereenie, simple asset, CTP run it and we add net 60-100PJ + the oil production. Pretty sure if we pay cash up front, STO would do us a good deal. Would love to know all the options being looked at by DLS.
 
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