Perhaps you are right Toll. However, the market does not realise...

Perhaps you are right Toll.
However, the market does not realise that even if DLS only has below average success with its wells, say 30%-40%, with the huge increase in the amount of wells being drilled, its ability to increase its reserves should continue. Then of course there is the Wet gas and unconventional assets which are only just starting to come into focus.

I do agree that it never hurts to have successful wells instead of dry ones.

All the Cooper players sell using U.S prices, but then convert it back to the AUS, so yes, as I mentioned with SXY, their received price was on average, $125, which if you get a chance to look at the average brent price over the past 150 days or so, you will see in U.S dollars, it was no where near that. Hence, converted to AUS. For what its worth, I think once the U.S starts to pick up steam again after the shenanigans with the debt ceiling, the Aussie dollar will peak, and then weaken again.