Taken From March Presentation - Note, Much more to add read for yourself
Materiality
- Largest permit holder in Cooper Basin
- 17 permits covering 27,000 km2
Control of own Destiny
- 50% or greater interest in 15 permits
- 14 permits operated by DLS
Existing Production
- 39 oil fields in production
- 10 wet gas discoveries under development
Strong Growth Pipeline
- Over 60 oil & gas prospects defined & ready to drill (45 oil & 22 wet gas)
Ready Access to Markets & Infrastructure
- Excellent Infrastructure in place
Huge Unconventional Opportunity
- Multi-TCF (10-20 TCF) unconventional gas potential controlled by DLS
Financial Structure
- Top 20 Share holders own 60%
- Cash 13 Mill
- 6 Mill worth of Oil ready for sale
- No Debt
- This provides adequate funding for our planned exploration program
Cashflow expected to improve sharply in CY2010 due to:
- Recovery in oil prices
- First oil from Chiton discovery (February 2010)
- Projected cashflow improvement from Mature Oil assets
- Forums
- ASX - By Stock
- DLS
- re-rating.
re-rating., page-5
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)