DLS 0.00% 69.0¢ drillsearch energy limited

revenue, page-2

  1. 1,932 Posts.
    I've been researching this company recently and it looks pretty good for a medium to lower risk growth company.

    From my understanding, the revenue generated and held by DLS is mostly used to fund ongoing exploration. If this exploration fails then DLS is not worth much. There seems to be good reasons for their explorations, the recent plugged wells are a little concerning.

    All in all, it seems like a good punt at these levels, I have a buy order in a bit lower as the market doesn't seem to want to take this up further at the moment.

    Drilling results coming within next couple of months will hopefully show if their unconventional approach is a winner (or at least show it is more likely a winner).
 
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Currently unlisted public company.

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