DLS 0.00% 69.0¢ drillsearch energy limited

revenue, page-7

  1. 3,948 Posts.
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    Hi Spec

    I would stay away from extrapolating profit per barrel using Presentation from any oil company. They are all highly unreliable! The one I thought that is more reliable to determine profitability of DLS is the Net Debt. It should come down fast. Other than additional capital outlay for tintaburra , I don't see any other big capital expense that dls has to make this July to Sept quarter. dls should bring net debt to zero over the next 12 to 18 months.
    The good thing is Dls is not doing much in terms of pumping the share price. It can only mean that there will be no capital raising in the near future.
 
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