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
DLS Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held