DLS alert ..... astrostuff ..... [Archive]

Lawnmower

14-04-2004, 11:23 PM

Yep, then they just issue more shares to their mates at 4 cents (yet again) to stuff up a potentially good rise. I'm not a holder, but am disgusted at the way these guys treat their long suffering shareholders !
While under the threshold for shareholder approval, I think there should be some % limit (in relation to current price) that new shares can be issued for ! (say 10% max, without shareholder approval) I'd consider LIO in same category as DLS in this respect (Issuing shares to mates)
Glad I'm not a holder (despite potentially good prospect ) I'm one of theses guys that follows the theory "If you don't have faith in management, then don't invest in them, no matter how good fundamentals/prospects are"

yogi-in-oz

20-06-2004, 10:18 PM

:) :) :) :) :)

Hi folks,

..... updated charts and astroanalysis for DLS, at:

http://www.incrediblecharts.com/forums/messages/8/273612.html

happy trading all

yogi

http://easy-trading tools.00cd.com

:) :) :) :) :)

yogi-in-oz

07-07-2004, 02:11 AM

:) :) :) :) :)

Re: DLS alert ..... astrostuff ..... update

Hi folks,

Indicators looking positive now, only
needs an announcement about the forward
drilling program and the short-term
traders will drive this one up again .....

Gann-related price and time targets:

4.3 on 09082004

4.8 on 17092004

6-6.2 before 07012005

8.5 before 20042005

happy trading all

yogi

P.S. ..... holding DLS.

========

http://easy-trading-tools.00cd.com

:) :) :) :) :)

yogi-in-oz

01-09-2004, 02:50 AM

:) :) :) :) :)

Hi folks,

... let's get a drilling program
together for DLS, first.

Tomorrow, 01092004, a long time
cycle falls due for DLS, so it
would not be surprising to
see some news before the end
of the week.

Watching this one closely now.

happy trading

yogi

P.S. ..... holding DLS.

http://easy-trading-tools.00cd.com

:) :) :) :) :)

yogi-in-oz

03-09-2004, 01:23 PM

:) :) :) :) :)

Hi folks,

DLS alert ..... volume up, on no apparent news .....

..... 1m gone through in one hit, this morning.

Somebody getting set before an announcement?

happy trading all

yogi

http://easy-trading-tools.00cd.com

:) :) :) :) :)

yogi-in-oz

16-09-2004, 01:44 PM

:) :) :) :) :)

Hi folks,

DLS ticking up nicely now .....

happy trading all

yogi

P.S. ..... holding DLS.

http://easy-trading-tools.00cd.com

:) :) :) :) :)

yogi-in-oz

26-10-2004, 06:28 PM

:) :) :) :) :)

Hi folks,

DLS price and volume up again today ..... :)

Aside from the DLS/STO drilling programme,
in November:

No apparent news, but the "revival meeting"
for MXO will be held in Perth tomorrow and
it has been rumoured around the industry,
that relisted MXO will be the new partner
for DLS in the Bonaparte Gulf ..... maybe
somebody else can throw some more light
on that issue ..... ??

happy trading all

yogi

P.S. ..... holding DLS.

http://easy-trading-tools.00cd.com

:) :) :) :) :)

yogi-in-oz

01-11-2004, 01:50 PM

:) :) :) :) :)

Hi folks,

Thank God for that ..... purchase of
Bonaparte Gulf leases got the nod today,
prompting traders to push DLS higher.

Hope some of you got on board ... see
early posts in this thread ..... :)

happy trading all

yogi

P.S. ..... holding DLS.

http://easy-trading-tools.00cd.com

:) :) :) :) :)

Mick100

01-11-2004, 07:04 PM

Topped up a couple of weeks ago yogi at 5.5c

there's huge volume going through daily.

Only about 300m shares on issue which is alot less than some of these other junior explorers.

Overal looking good to me

Mick :D:D:D:D

yogi-in-oz

08-11-2004, 02:04 AM

:) :) :) :) :)

Hi folks,

Expecting more positive news out of the
DLS camp over the next couple of days ... :)

happy trading all

yogi

P.S. ..... holding DLS.

http://easy-trading-tools.00cd.com

=====

:) :) :) :) :)

yogi-in-oz

08-11-2004, 03:20 PM

:) :) :) :) :)

Hi folks,

As expected, DLS ticking up today.

Just speculating here, regarding
the news .....

..... financing and/or farmin partner
for the Boneparte Gulf program???

..... news from the DLS/Santos wells???

-----

Really, my own approach to DLS is simply as
an opportunistic chartist ..... whether the
underlying fundamentals, like Turtle and
Barnett are good assets or not will be
duly determined and reflected in the chart.

So, sure it will be good for the company,
if they can get the oil out of the ground
at Turtle ..... and Barnett should prove
to be easier, as the oil is of a lighter
grade.

----

Deciding where we stand as traders can be
of great help, when evaluating oil stocks.

-----

If we are looking at daytrading, then our
strategies will likely be announcement-driven,
even though the content of those announcements
will probably not be of great concern to us.

-----

If we are trading short-term swings off the
charts, then the "short-term news" like the
progress in individual wells, will likely be
of most interest to us .... while, underlying
fundamentals will probably only be of interest
in terms of establishing the longer trend and
general "feel" for that particular stock.

-----

Only, if we are medium-to-long-term "investors",
with long pockets and plenty of patience, will
we be concerned with the minute details of the
"big picture stuff", like oilfield successes and
failures, supply contracts, sovereign risk, etc.

Longer-term players assume the risk of significant
short-term swings to underpin their view of higher
share prices, at 2, 3 or even 5 years ahead.

-----

Knowing our trading time frame can be very
beneficial in reducing stress in our trading,
by reducing unnecessary research and the
accompanying information overload .....

..... and a good win/loss ratio also helps ... lol :)

happy trading all

yogi

P.S. ..... holding DLS.

http://easy-trading-tools.00cd.com

=====

:) :) :) :) :)

Packersoldkidney

08-11-2004, 04:09 PM

Good stuff, Yogi. Excellent summary of how to look at trading/investing in the junior oilers. On the fixx forums there's a young chap who's been asking for some tips along the lines of: 'how can I make some quick cash!!?' If you and the more experienced traders/investors are willing to write down your approaches to the business on these forums it will help the 'newbies' immeasurably. Thus you will hopefully save some people heartache and cash burn by letting them in on some 'tips'. Tried to do the same myself on one of the junior oiler companies a few days back as I was a bit non-plussed by the 'how do I make some quick cash!!?' person, realising he was probably in for some trouble. He reads these forums as well, so hopefully will read your summary above - its better than mine.

yogi-in-oz

08-11-2004, 06:52 PM

:) :) :) :) :)

Hi POK,

Many thanks for the kind feedback .....

..... if people are looking for quick
cash out of the Aussie economy, then
they should go rob a bank.

Otherwise, if they get their market-timing
right, they might be able to take a steady
salary out of the markets, month-after-month,
as full-time traders ..... :)

happy dayz

yogi

:) :) :) :) :)

snow

08-11-2004, 07:21 PM

Hi yogi cheers for that, as a newby to these threads I have found them very helpfull, I my self like to trade swings and trends have done so for a couple of yaers, find using TA takes the emotion out of trading and easier to run stop losess, look forward to more posts.

snow

yogi-in-oz

16-11-2004, 03:55 AM

:) :) :) :) :)

Hi folks,

DLS has had a strong run up, since
mid-September 2004 .....

..... will be looking for the next
leg up to start over the next couple
of days ..... 17-18 November 04

happy trading all

yogi

P.S. ..... holding DLS

http://easy-trading-tools.00cd.com

:) :) :) :) :)

yogi-in-oz

12-05-2005, 01:26 AM

:) :) :) :) :)

Hi folks,

DLS showing three black crows over the past
few days and price has also come back to
a significant Gann retracement level,
at 6.1 cents.

Two long cycles figure in DLS chart,
on 16-17 May 2005.

Soon after, on 19-20 May 2005, we see
3 short time cycles slot into place for
DLS, followed by another on 02 June 2005.

Will be watching for some company news
around these dates .....

happy days

yogi

:) :) :) :) :)

yogi-in-oz

17-05-2005, 11:33 PM

:) :) :) :) :)

Hi folks,

News came in right on time ..... :)

From post above in this thread, on 12052005:

"Two long cycles figure in DLS chart,
on 16-17 May 2005."

Soon after, on 19-20 May 2005, we see
3 short time cycles slot into place for DLS,
..... finance related or new partner???

These are followed by another, on 02 June 2005,
which should be a positive cycle ...???

Will be watching for some company news
around these dates, to trigger an entry .....

happy days

yogi

:) :) :) :) :)

Mick100

18-05-2005, 12:59 AM

Hope your right yogi

Just picked up some more the other day

,

yogi-in-oz

06-07-2005, 05:29 PM

:) :) :) :) :)

:)

Hi folks,

DLS ticking up nicely now ..... we are shooting
for a Gann 50% retracement, at 8.1 on 07-08072005.

Figure we might trigger a further rally for DLS around
07-08072005, running up to around 22072005 .....???

Resistance beyond that will likely be:

8.5 - 10 - 11 - 11.5

More later .....

happy dayz

yogi

:)

:) :) :) :) :)

yogi-in-oz

08-07-2005, 05:56 PM

:) :) :) :) :)

Hi folks,

DLS ..... as per post above, news of 3 wells
spudding in Canada comes in and right on time, too ... !~!

This could be the trigger to give us
a further rally, in DLS.

have a great weekend all

yogi

http://easy-trading-tools.00cd.com

=====

:) :) :) :) :)

yogi-in-oz

09-08-2005, 01:40 AM

:)

Hi folks,

DLS ... as per post below, recent news (1 day late), about
the settling of litigation , must be seen as a positive,
overall ..... yes?

Expecting a minor and positive cycle
tomorrow, 09082005 .....

..... let's see what it brings ..... :)

For further key DLS dates ahead, in August 2005,
see post, below:

happy days

yogi

P.S. ..... holding DLS, again ..... :)

:)

=====

> :)--- In AussieOilers@yahoogroups.co.uk, "yogi" wrote:
> :)
>
> Hi folks,
>
> DLS ..... looking healthier now:
>
> Updating key dates for August 2005:
>
> 04082005 ..... minor and positive
>
> 09082005 ..... minor and positive
>
> 18-19082005 ..... minor
>
> 23082005 ..... minor and positive
>
> 26-29082005 ..... significant and positive ..... finance-related ???
>
> Quite a good outllook, so let's see how it
> pans out .....
>
>
> happy days
>
> yogi
>

> :)

yogi-in-oz

12-08-2005, 10:19 PM

:)

Hi folks,

DLS ..... technically primed for some good
news, then lift-off ..... :)

Key dates ahead for DLS news/moves may be:

18-19082005 ..... minor

23082005 ..... minor and positive

26-29082005 ..... significant and positive ..... finance-related ???

05092005 ..... minor and negative

13092005 ..... minor and negative

22092005 ..... minor ..... change of management/direction (???)

27092005 ..... minor and positive

05102005 ..... positive spotlight on DLS

Quite a good outlook, so let's see how
it pans out .....

have a great weekend

yogi

:)

yogi-in-oz

18-09-2005, 12:27 AM

:)

Hi folks,

Thought that you may just want to hear something
of our reasoning for a pullback in DLS, quite soon.

OK, so here's some simple Gann stuff, using DLS:

From the 16032005 highs (12.o) down to the lows
on 16062005 (6.o) was exactly 3 months, so the
next rally has taken another 3 months (16092005),
to the day ..... a rally of only one cent per month !~!

If DLS was strong, that retracement of 3 cents,
should have taken only 45 days or half of the
duration of previous leg down ... instead, it has
taken an EQUAL duration in time, indicating that
DLS may not be as strong as some may expect.

..... so we have made a 50% retracement and Friday's
price action could not hold the highs and finished
right around the 50% retracement of the previous
leg down ..... also, if 16092005 price action is
confirmed as a high, even a shooting star, we could
reasonable expect a pullback in the DLS price.

Also, around the 22092005, we have a good chance
of a change in trend (as per cycles posted below)
... so, if it has been going up and there's a
change in trend, where is it likely to go now and
how long will it take to get there ..... ???

..... dooowwnnn ... !~!

-----

Now, using the same 50% retracement as a guide, we
can project 45 days forward to around 01112005 and
a price target around 7.8 cents ..... and a break
below that would have us looking for support, at
the previous gap ..... 7.3 - 7.5 cents, probably
about the end September - early October (???)
(as per cycles posted below).

-----

Some DLS cycles ahead ..... :)

13092005 ... minor and negative

22092005 ..... minor ..... change of management/direction (???)

27092005 ..... minor and positive

05102005 ..... positive spotlight on DLS

-----

..... but, that's just a contrarian's view and of
course, all this may be 100% wrong ... but then
again, who forecast the DLS low at 6 cents,
earlier this year ..... ??? ... :)

have a great weekend

yogi

P.S. ... here's another DLS tip ..... 17-18112005
will probably bring the biggest news for
DLS, in 2005 ... so, mark it in your
trading diary.

:)

yogi-in-oz

28-09-2005, 02:33 PM

:)

Hi folks,

As per post above ..... DLS takes on more water ..... it sure
sounds like mutiny in here, after the captain almost scuttled
our little vessel on some rocks, as he tried to run for cover
in the shallows.

Too bad, hitting the rocks opened up those leaking
timbers some more and she's sinking fast now, as
the water gushes in through the cracks.

No sounding of a confirmed bottom as yet, so we
will probably have a short wait, before it's time to
sit on the bottom in the shallows and make some
repairs.

We need to have completed repairs before 05102005,
when a king tide should lift us off the bottom and back
into a spell of fine weather, for the good of fair-weather
traders .....

..... and lubbers, that means no more sea-sickness for a while ..... lol ... :)

Now, where's that message-in-the-bottle, from the Commodore ..... ???

happy days

yogi

P.S. ..... not far off our first anticipated sounding, at 7.8 now
..... see post above.

:)

=====

yogi-in-oz

18-10-2005, 03:08 PM

:)

Hi folks,

DLS ..... it has taken longer than expected,
but now this one is trading close to our
target posted above, on 18092005 .....

..... with more negative news/moves
expected out of this camp over the next
couple of days, we may even see another
test of support around 7-7.3 cents, over
the next week or so ..... ???

Some DLS dates-to-watch:

19102005 ..... significant and negative
..... finance-related ...???

21102005 ..... minor

07112005-12122005 ..... may be a very flat
period for DLS ..... ???

04112005 ..... minor - change in direction??

14112005 ..... significant negative news ???

17-18112005 ... probably be the most
critical time in 2005 for DLS ???

24112005 ..... major cycle here - near lows?

05122005 ..... significant changes ... lows??

19-22122005 ... rally ..... ???

22122005 ..... significant and negative

End of January 2006 looks more positive ...

happy trading

yogi

:)

yogi-in-oz

18-10-2005, 05:03 PM

:)

Hi folks,

DLS/BUY ...... well, what a surprise to get confirmation
of a projected date, so soon ..... !~!

Posted in this thread, on 18092005:

> P.S. ... here's another DLS tip ..... 17-18112005
> will probably bring the biggest news for
> DLS, in 2005 ... so, mark it in your
> trading diary.
>
> :)

-----

..... and in today's DLS announcement:

"Mr. Tom Fontaine, a director and major shareholder of Bounty, has dispatched to all
members and directors of Bounty documents calling a General Meeting of Bounty to be
held in Perth on 17th November, 2005, for the purpose of removing two (2) current
Bounty directors and replacing them with two (2) persons related to the Drillsearch
group."

-----

Not expecting a good outcome from this meeting for DLS ..... ???

happy days

yogi

P.S. ..... DLS quote on 17-18112005 = 7.1 ... ???

:)

yogi-in-oz

14-11-2005, 02:07 PM

:)

Hi folks,

DLS ..... nothing to get excited about, for a while yet ... in fact,
it will probably be late-January 2006, before any real positive
news surfaces.

We know that 17-18112005 is an important time for BUY, but
the implications may well be reflected in DLS ..... and maybe,
to a greater extent than many traders realise, yet.

So, key dates ahead for DLS, may be:

17-18112005 .....
Full moon and a cluster of 5 time cycles here,
so expecting some significant news. Though
DLS traders may be mildly positive, about that
news, the market response will likely be flat.

24112005 ..... major cycle here - near lows?

05122005 ..... significant and negative

19-22122005 ..... a minor rally here ???

22122005 ..... negative news

02012006 ..... 2 minor cycles here.

11012006 ..... minor news ..... 2 cycles

30012006 ..... significant and positive news ..... :)

01022006 ..... spotlight on DLS

happy trading

yogi

:)

=====

tricha

26-02-2006, 08:25 PM

Time to start getting excited, 52 holes now being drilled by Santos, DLS earning 10%.

I suppose everyone getting sick of waiting, well its happening.

Picked this of top picks 2006, Mick 100 selected as 1 of his 5.

Bought some, company earning an income now, interesting.

Cheers [B)][}:)]

Mick100

26-02-2006, 08:58 PM

Yeah Tricha
There's not many penny dreadfuls around that already have positive cashflows in this oil exploration business.

The market will wake up one day and DLS will get re-rated. I'v been waiting for two yrs already with hardly any movement in shareprice but I think it will be worth the wait in the end. Good to know that I'm not alone in recognising the potential of this company.
,

tricha

18-03-2006, 04:12 PM

Yeah Mick, this penny dreadful is all looking great.

Good oil extension, cash flow and lots of holes to be drilled soon.

Patience, yes some good things take time.

Cheers ;)[}:)]

Mick100

20-03-2006, 10:10 PM

Starting to move Tricha

Looks like your entry into this one was well timed
,

tricha

21-03-2006, 03:38 AM

Yeah Mick

About time I got lucky, lucky I went through 10 peoples picks, DLS from your picks was the one that really stood out.

Anyway I was at ShantyTown, Monday week with my partner, she got to keep the gold.
We are back in Kal (KiwiTown), might has to take our metal detector out walking more often.

Cheers [B)][}:)]

milhouse

03-04-2006, 09:59 PM

way under valued imo

Check out the P/E. Market cap of $30m approx, profit looks like it should be at least $4m this years increased production of, and prices for, oil. Serious drilling program underway 2006 DYOR. Has been a slow mover but the fundamentals are there.

tricha

04-04-2006, 02:14 AM

For your 1st post u r on to it Milhouse.

Hence why I topped up under 9 cents last week.

An interesting oiler.;)

milhouse

04-04-2006, 07:39 PM

Cheers tricha

Have been accumulating for a few weeks. probably have enough for now -set and forget (I hope). any idea when the second rig is to start.
cheers

tricha

05-04-2006, 01:33 AM

Hi Milhouse

Not sure on the second rig, but it is not far away.

Interesting news out today, re new permit gained for the Surat Basin.

Sounds like this company has got it's head together at long last.

Like you, I have just got into them recently, sounds like it has been disppointing over many years.
Nothing stays the same, so I guess we are lucky to be in on this winner at a low entry point, as others have lost patience and given up.

Cheers not so [B)][}:)]

tricha

06-04-2006, 01:53 PM

More oil found and can't believe it, got more today before the announcement at 9.1 cents.

Mick100

06-04-2006, 03:15 PM

DLS is going to take off like a rocket one day - soon I hope - until then just keep on accumulating. I'v been accumulating for 2 yrs and have a heap of them now.

Welcome aboard Milhouse

cheers
,

milhouse

07-04-2006, 08:59 AM

Great announcement yesterday, should see the final for mulberry 14 today. Would love to know what these mulberry (5 out 5) drilling results mean for the company in dollars and cents? I reckon the sp should have been 13 cents before the drilling results.
cheers
mh

tricha

10-04-2006, 09:47 PM

Mick100

Your wish has come true, DLS has been launched.

Thank my lucky stars! Now heading for astospace,lol,;)

milhouse

11-04-2006, 08:34 PM

I like the final report for mulberry 14

"At 600 hours on 7th April, 2006, the well had completed
wireline logging and pressure testing operations. It was
cased and suspended as a future oil producer in the mid
Birkhead Zone with approximately 10 metres of net oil pay."
a bit of a retrace today before news, should carry on up tomorrow.
mh

tricha

13-04-2006, 03:13 PM

Black Gold

news just out, 6 holes 6 hits, latest 30 metre col.

only 46 holes to go.

Bring it on!

tricha

14-04-2006, 11:26 PM

Interesting website, name does not reflect them any more, last year earned 10 million, this year [?]

Huge potential as a real earner and it is just starting to happen.Excellent prospects.:)

http://www.drillsearch.com.au/index.html

tricha

29-04-2006, 03:35 AM

Disapointing announcement recently, gave away shares at discount to raise cash, with no placement or consideration to shareholders, suks.

What more can I say, sold half and booked profits.

Last drill hole a dud, but 6 from 7 ok, 45 to go.

Cheers [B)][}:)]

milhouse

09-05-2006, 08:19 PM

great day for DLS today. sp climbimg steadily. plenty more to go, only 20% into current drilling program with it looking like they might expand on the 51 hole program. 2007 looks promising as well.
cheers mh

Mick100

09-05-2006, 08:33 PM

Two rigs on the go now millhouse.
A couple of the earlier successful wells already on production - looking good alright
,

milhouse

10-05-2006, 12:56 PM

Plenty of interest again this morning, sp jumped out of the starting blocks. bring on next tuesday. bound to be some bad news along the way but with the price of oil heading to $100 and DLS increasing reserves, production and exploration programs there is plenty of upside here imo.
Cheers mh

milhouse

17-05-2006, 01:09 PM

Yet more oil, great result from the endeavour field. I expect plenty more good news to come, updated reserves and production figures and an expansion to the drilling program imo.

Cheers mh
Re: Tintaburra - Weekly Drilling Update – 16th May, 2006
Drillsearch Energy Limited is pleased to announce two successful new oil wells in the
Gimboola and Endeavour fields as the 2006 Tintaburra Bock 51 well programme
moves forward with 2 drilling rigs in operation.
Gimboola 3 was drilled at Gimboola Field about 2 km northeast of Mulberry Field. It
encountered 3 metres of net oil pay in the mid Birkhead reservoir and has been
cased as a future oil production well.
Rig PDI -735 then moved back to Mulberry Field to continue the Mulberry appraisal
programme and spudded Mulberry 12 on 13 May, 2006.
Drilling at the Endeavour Field about 15 km north of Mulberry began with Endeavour
5 spudded on 4 May, 2006. Endeavour 5 has encountered approximately 14 metres
of oil pay in the Birkhead Formation. Endeavour 5 has been cased and suspended as
a future oil production well. Drillsearch is very encouraged by this result.
Updated location maps for this first part of the 51 well programme are attached as
Maps 1 to 4.
Weekly Drilling Update is set out below, as at 0600 hrs Monday 15 May, 2006.
Well Details – Gimboola 3
Name: Gimboola 3, Oil Appraisal Well
Permit: PL.169 – ATP299P, Tintaburra Block
Rig: PDI-735
Total Depth: 1,377 m (final)
Location: Approximately 1.5 km northeast of Mulberry 1 and 800 metres
southwest of Gimboola 1 (see updated Maps 1, 2 and 4).
Objective: Birkhead Formation
Progress: Gimboola 3 reached a total depth (TD) of 1,369 metres. It
encountered oil shows in the in the mid Birkhead reservoir
unit. Wire line logs were run on 11 May, 2006, and indicated
approximately 3 metres of net oil pay in the reservoir zone.
The well has been cased and suspended as a future oil
producer. The rig was released to Mulberry 12 on 12 May,
2006.
Well Details – Endeavour 5
Name: Endeavour 5, Oil Appraisal Well
Permit: PL.57 – ATP299P, Tintaburra Block
Rig: PDI-724
Total Depth: 1,438m (final)
Location: Approximately 600 metres west of Endeavour 1 and 800
metres northwest of Endeavour 2 (see updated Maps 1 and
3).
Objective: Birkhead Formation
Progress: Endeavour 5 reached a total depth of 1,438 metres on 13
May, 2006. During drilling Endeavour 5 encountered oil
shows in the mid Birkhead reservoir unit. Wire line logs
indicated approximately 14 metres of net oil pay. The well has
been cased and suspended as a future oil producer. The rig
is being prepared for release to the Endeavour 11 location
(see updated Map 3).
Well Details – Mulberry 12
Name: Mulberry 12, Oil Appraisal Well
Permit: PL.39 – ATP299P, Tintaburra Block
Rig: PDI-735
Total Depth: 1361m (expected)
Location: Approximately 1 kilometre northwest of Mulberry 2 and 1.5
kilometres west northwest of Mulberry 4 (see updated Map 2).
Objective: Birkhead Formation
Progress: Mulberry 12 spudded on 13 May, 2006. At 0600 hrs on 15
May, 2006, the surface casing had been set. Planned forward
operations are to drill out the casing shoe conduct BOP tests
and drill ahead in 7 7/8” hole to TD.

tricha

06-06-2006, 10:54 PM

Well I do not know how you quantify this, [?][?][?] 52 hole drilling operation,
Every week new holes with oil, around 14 hits and 2 dusters so far.

Got over my disappointment with management giving away discounted shares.

Imm, bought some more.

Anyone got an idea how you quantify this company [?][?][?][?]

Cheers not so [B)][}:)]

yogi-in-oz

07-06-2006, 02:29 AM

:)

Hi Tricha,

DLS ... we could have 100 people analyze this
one, at present and you would have 100 different
answers.

It seems, that the surest way to quantify the
DLS fields will be to watch the ACTUAL production
figures to give us a sound foundation and simply
use those figures, to update our own analysis,
on a quarter-by-quarter basis .....

..... and unless something dramatic happens, not
much should change in any three months of production,
to turn us negative on DLS for the medium-term outlook.

Until the wells are hooked up and producing it is
a waste of time and effort speculating on the
blue sky potential in DLS ... yes???

Patience, patience, patience ..... :)

happy days

yogi

:)

tricha

07-06-2006, 08:15 PM

Well hi Yogi

You have been rather quiet on this one with all the good news coming out.

Thought you might have jumped ship on this one.

Patience, Patience yeah been needing a bit of that of late.

Cheers not so [B)][}:)]

yogi-in-oz

08-06-2006, 03:42 PM

:)

Hi Tricha,

..... you may be rewarded, next week ???

DLS ..... will be alert for some positive
news, with the spotlight focused on DLS,
around 13062006 ??? ... :)

happy days

yogi

:)

Mick100

08-06-2006, 03:58 PM

quote:Originally posted by yogi-in-oz

:)

Hi Tricha,

..... you may be rewarded, next week ???

DLS ..... will be alert for some positive
news, with the spotlight focused on DLS,
around 13062006 ??? ... :)

happy days

yogi

:)

your probably right with that prediction yogi - with two drilling rigs on the go along with a 90% hit rate so far there's bound to be positive news next week just like this week and rhe week before and the week before that etc
,

tricha

08-06-2006, 11:51 PM

Well Well Well, blow me down Yogi

Why not have more oil today and they have added another oil rig to the scene today.

I know I need to be patient, but what does another 8 metres of oil at Mulberry 15 mean.

For example we take 8 metres, 1km x 1km.(it's far bigger than this)
This gives us 8 million square metres of gooey black oil.

How many barrels of oil in a square metre [?][?]

My maths isn't much chop, answers on this would be appreciated.

Are we talking heaps of millions of barrels of oil, sounds like - the oil field is huge, spread over many Km's and sounds like - oil outside this area.

Thanks again Mick 100, some luck in analyizing the picking competion and coming up with one winner DLS, your pick.
My oil pick was ARQ, ouch.

Cheers not so [B)][}:)]

tricha

17-06-2006, 01:46 AM

Old news today - this oiler is worth reading up on.

DLS has been a dog for far to long, but how things can change. And DLS has changed, but most people have missed it! ;)

Drillsearch Energy Limited
ACN 006 474 844 ABN 73 006 474 844 ASX: DLS
Level 4, 34 Hunter Street
SYDNEY, NSW 2000, Australia
Telephone: +61 2 9221 2811
Facsimile: +61 2 9221 3299
Email: corporate@drillsearch.com.au
16th June, 2006
The Manager
Company Announcements Office FOR PUBLIC RELEASE
Australian Stock Exchange Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Dear Sirs,
Re: Tintaburra ¡Ì Programme Summary ¡Ì 15 June, 2006
Drillsearch Energy Limited (#8992;Drillsearch¡ö) announces a brief summary of the
Tintaburra oil development programme.
Drillsearch is now over 1/3rd through the current programme which commenced on 27
February 2006. At this stage with the completion of 17 wells (Mulberry 17 being the
most recent) 16 wells ( 94%) have encountered oil in the Birkhead reservoirs at the
Mulberry, Endeavour and Gimboola fields and have been cased as future production
wells or production support wells. Approximately 14 of the cased wells are planned
as oil producers with the remaining 2 planned as water injection wells designed to
achieve enhanced oil recoveries. One well (Huckleberry 1) encountered oil but was
plugged and abandoned due to tight reservoir conditions.
The Tintaburra wells are progressively being tied in to the production system with 6
wells now producing oil and the programme is on track to add significant oil
production volumes for Drillsearch this year. With these production tie ins
Drillsearch¨ˆs SW Queensland sales in April were A$ 746,000 and group sales passed
A$ 1 million. Revenues will again increase in coming months.
The operator has lifted the drilling rate by adding a third rig contracted from Precision
Drilling to the programme, PDI Rig 721 which is drilling the Chancett-1 near field
exploration (NFE) well.
Significant well results so far:
#1048707; Mulberry 12, 11, 8 and 10A which proved that the Birkhead oil
reservoir at Mulberry has lateral extensions out to approximately 3 km
east west by 2 km north south from field centre.
#1048707; Mulberry 8 encountered 12 metres of reservoir in the Birkhead zone.
#1048707; Endeavour 5 encountered 14 metres of net oil pay in the Birkhead
reservoir unit and is a western extension of the Endeavour Field.
2
#1048707; Mimosa 1 NFE made a new oil discovery in the Birkhead zone 850
metres southwest of Endeavour Field. Mimosa 1 encountered
approximately 6 metres of oil pay in Birkhead zone.
The Tintaburra programme is now the largest continuous oil development and
exploration drilling programme ever undertaken in SW Queensland with 3 modern
rigs drilling and casing wells at around 7 days per well. It will continue at least into
October 2006 with the balance of 34 wells likely to be drilled (depending on results).
Drillsearch emphasises that it is possible there will be a number of plugged and
abandoned wells particularly since some wells are near field exploration wells
however, these will not detract from the overall programme successes.
Drillsearch anticipates that the current (51 well) programme will achieve a major
increase in it¨ˆs oil reserves this year and put it on track to increase it¨ˆs revenues
beyond $12 million per annum into 2007 given current prices. In addition planning is
currently underway to drill an additional 9 development/delineation wells at the
Mulberry field.
Participating interests in the block are:
Santos Limited 89% (Operator)
Drillsearch Energy Limited 10%
CPC Energy Pty Limited 1%
Yours faithfully,
DRILLSEARCH ENERGY LIMITED
PHILIP F. KELSO
MANAGING DIRECTOR

tricha

17-06-2006, 01:56 AM

Sorry forgot to highlight - Drillsearch¨ˆs SW Queensland sales in April were A$ 746,000 and group sales passed
A$ 1 million. Revenues will again increase in coming months

Mick100

17-06-2006, 01:01 PM

With these new successful wells being bought into production within weeks of them being drilled it's having an immediate impact on DLS's bottom line. A million per month and rising aint bad for a penny stock.
,

Mick100

20-07-2006, 02:21 PM

20 July, 2006
The Manager
Company Announcements Office FOR PUBLIC RELEASE
Australian Stock Exchange Limited
4th Floor
20 Bridge Street
SYDNEY NSW 2000
Dear Sirs,
Re: Tintaburra - Weekly Drilling Update – 19 July, 2006
Drillsearch Energy Limited (“Drillsearch”) is pleased to announce the successful
drilling of Talgeberry 12 as a new oil well. Of the twenty-eight (28) wells drilled to
date, eleven (11) have been placed online as oil producers and one (1) as a water
injection well. Eleven (11) wells are cased and suspended, the majority of which will
be new oil production wells. Five (5) wells have been plugged and abandoned with
22 wells yet to be drilled in this first phase of the Tintaburra drilling programme.
Further drilling is being planned to commence after completion of this first phase of
drilling.
Rig PDI-735 spudded Talgeberry 12 on 13 July 2006. Oil shows were encountered
while drilling through the reservoir units of the Wyandra Formation and the Murta
member. Wireline logs indicated over 9 metres of net oil pay. The well was cased
and suspended as a future oil production well and the rig was released to the
Talgeberry 13 location on 18 July 2006.
After being released from the successful Endeavour 9 delineation well, Rig PDI-724
spudded the Endeavour 7 delineation well. Endeavour 7 has encountered oil shows
while drilling through the Birkhead reservoir section and the well is currently nearing
TD.
Rig PDI-721 was released from Bilberry 1 NFE well on 14 July 2006. Poor road
conditions due to heavy rain have prevented the rig moving to the next NFE location
Minni-Ritchi 1. The rig began the move on 19 July 2006, and Minni-Ritchi 1 is
expected to spud near the end of the week.

tricha

21-07-2006, 10:44 PM

Yeah Mick - amazing results, I am getting tempted to buy some more, as the price pulls back.
With oil going straight to production and oil price staying high, profit must be ramping every day.

The only problem is we can't quantify this.[?][?][?]

Yeah i know, patience.

Of the twenty-eight (28) wells drilled to
date, eleven (11) have been placed online as oil producers and one (1) as a water
injection well. Eleven (11) wells are cased and suspended, the majority of which will
be new oil production wells. Five (5) wells have been plugged and abandoned with
22 wells yet to be drilled in this first phase of the Tintaburra drilling programme.

tricha

28-07-2006, 11:09 PM

Bought another 50,000 DLS shares today, couldn't resist, at such a low price, on top of Thursday excellent drilling release.

2 new wells drilled, hit good oil, logged and ready for production. One of these rated as significant, as it extends the field.

2 more wells drilled, showing oil and now being logged.

So sucessful has the drilling been, they are going to drill another 20 holes.

Cheers not so [B)][}:)]

tricha

31-07-2006, 10:29 PM

Good news out today, reasonable profit for the year and it gets better by the day.

Can't quantify it, but this year should be a boomer!

Worth a read!

Cheers not so [B)][}:)]

yogi-in-oz

01-08-2006, 05:31 PM

:)

Hi Tricha,

DLS ..... expecting some good news later
this week, as another positive cycle
comes into play ..... :)

happy days

yogi

:)

tricha

03-08-2006, 08:37 PM

Spot on Yogi

More excellent news out today, more holes and more oil.

Looking at the buy\sells, its starting to see some upward movement, buyers are lining up and sellers are moving their targets higher.
And about time to, oil still around $100 a barrel OZ and production ramping every week, something has to give.

tricha

20-02-2007, 02:24 AM

Got out of this penny dreadful when the management in house fighting began [|)], got back in at 13.5 cents.

Speculation yes, potential yes, especially now oil back up there and all those long life wells kicking in.

Are you still in this one Mick [?][?][?]

Cheers [B)][}:)]

Mick100

20-02-2007, 02:47 AM

I'v weeded out most of my speccy oilers from my portfolio but I still hold this one tricha

Not too sure what the oil price will do in the short term but medium/long term it's going higher, IMO.
.

tricha

12-04-2007, 08:59 PM

Mick - "I'v weeded out most of my speccy oilers from my portfolio but I still hold this one tricha"

Great result for us today on this once penny dreadful Mick, I hope u still hold.

Cheers [B)][}:)]

Mick100

12-04-2007, 10:37 PM

Still holding tricha

Have you any idea who may be interested in this penny oiler?
,

tricha

12-04-2007, 11:02 PM

My only thought is a management buy out Mick, I took the money at 17 cents and ran.

32% gain today would probably be its take out target if thats what it is.

tricha

23-07-2007, 11:20 PM

Big drop today and I took it as a great re-entry price. percieved bad news, but if u read between the lines, its still OK.

Speculative Gamble at it's best!

The reason - DLS & ExxonMobil to drill offshore Marina Prospect in the Bonaparte Gulf.

DrillSearch to pay 15% of the costs, for a 35% take. Not a bad deal and I can't imagine ExxonMobil doing it for nothing.

If it hits, add a 0 to Drillsearchs price, if it misses, they have still got oil for 15 years.

Yes a true blue gamble, but the reward potential is out there.

I guess we will have to wait to November to get the answer ;)

Cheers [B)][}:)]

tricha

26-07-2007, 03:15 PM

Just a reminder, if anyone wants a quick 18% on five thousand dollars, buy some drill search shares before the 1st Aug.

Just like ARQ did a monthe ago ;)

tricha

30-07-2007, 12:43 AM

DrillSearch coming of age, a dog of old, but how things can change.

Glad to see there are a few people on Hotcopper that can come up with an educated reply![:) posted by Silentpartner

I agree Thricha, personally the last thing I wanted was a low ball takeover bid for Drillsearch prior to Marina drilling or even prior to Turtle/Barnett Drilling. Have been in Drillsearch for three years waiting for these company making prospects to get some action.

Extract from Corporate update:

Marina 1 – WA318P, Bonaparte Gulf

Detailed preparations for the drilling of Marina 1 well are in progress. Site testing involving hydrographic surveys and shallow core drilling at the Marina 1 location will
commence shortly. Currently the jack-up Rig “Wilcraft” is drilling the Hurricane 2 well on the north/west shelf. The current drilling schedule for Wilcraft will see Marina 1 now commencing in early October, 2007.

Turtle/Barnett Project – Retention Leases

Drillsearch has obtained extensions of the retention leases covering the Turtle/Barnett project, which are estimated to hold approximately 90 million bbls of OOIP in several zones. The project has potential to delineate a recoverable resource of 15 to 20 million barrels.

With the extensions in place the forward programme for Turtle/Barnett has commenced with reprocessing of the entire seismic data set underway. This reprocessing will generate a fully integrated seismic data set and lay the ground work for 3D seismic surveys later this year and in early 2008.It is hoped these surveys will generate an appraisal drill location to be drilled in September 2008.

Drillsearch has committed the Wilcraft rig to drill one (1) well at Turtle/Barnett and has an option on the rig to drill a follow up well.

The option well will be available to drill an appraisal well in the event of a discovery at Marina 1.

Regards

SP

bullebak

30-07-2007, 01:12 AM

quote:Originally posted by tricha

Just a reminder, if anyone wants a quick 18% on five thousand dollars, buy some drill search shares before the 1st Aug.

Just like ARQ did a monthe ago ;)

1st August is the record date, doesn't a new purchase need to be settled by that date? (but don't see any XE attached to the code).

$5,000 limit?

tricha

30-07-2007, 02:57 AM

From what I can gather Bullebak, buy 1 share ;)

tricha

13-08-2007, 11:40 PM

Under valued, partly due to the correction, with the oilers hit pretty badly even though oil is still above $70 US and the OZ dollar back to 84 cents.

Partly because once u got your rights on the 1st August, I would guess a lot of punters would have sold $5,000 worth of their existing ones for 16 cents.

And get them back for 10 cents, not a bad deal.:D

My cheque is in the mail for another $5,000 hopefully for 10 cents and the beauty of it all picked some more up today from the bargin bin for 13 cents.

19 cents again soon and like I stated, if Bonaparte Gulf delivers, add a 0 to the 19.:p

Otherwise just sit back and see where their 15 years of earning from the Cooper Oil project takes them.'

A no brainer really?

tricha

15-08-2007, 03:22 AM

Profit of 2.1 cents a share on a 13 cents share.

A no brainer, 1 to 20 bagger :D

http://sa.iguana2.com/cache/9e0294723b86c967ccb9969b470af11e/ASX-DLS-464798.pdf

shane_m

16-08-2007, 09:34 PM

DLS...
I bought a small amount today on the production well ann, lets see how things pan out next few days to accumulate more.....

tricha

17-08-2007, 11:12 PM

shane_m good to see u on board, a little bit of patience and we could be very well rewarded by this no brainer.

Good on Drill Search for looking after their shareholders this time round, in the Share purchase plan.

$5,000 worth of shares at 0.11295 cents each.

Anyone take up this generous offer.??

tricha

19-08-2007, 01:40 AM

"Price is what you pay - Value is what you get!"
BUFFETT

tricha

24-08-2007, 01:06 AM

Interesting stuff yesterday, got up to 16 cents one hour before close and then heavy selling smashed them back to 13.

So I took the luxury of buying more today.

Spud date for Marina 1 well, 10th September and then 18 days drilling to target of 200 million barrels of oil equivalent.

DLS to retain 35%

Is a gamble, but if it comes off ...............

Cheers

yogi-in-oz

24-08-2007, 11:02 AM

:)

Hi folks,

DLS ... time cycles due on:

24-27082007 ... aggressive and positive move

04092007 ... negative light on DLS ???

13092007 ... BIG and positive news expected here.

05102007 ... positive spotlight on DLS ..... :)

22102007 ... negative cycle here ... finance-related ???

02-05112007 ... 2 difficult cycles expected.

19112007 ... 2 positive cycles ... finance-related???

122007 ... 4 negative and difficult cycles expected in December 2007.

happy days

paul

:)

tricha

27-08-2007, 12:56 AM

I can't believe this share is still 14 cents, every week their pot of SW Queensland oil grows and will give them 15 years of income, also income from Canada.
Should be back to 20 cents on this alone, neither mind any upside on Marina.

How can we lose ????????

tricha

27-08-2007, 11:42 PM

Sentiment:BuyIP:202.3.xxx.xxxVoluntary Disclosure:Stock HeldStory in Sydney morning herald this morning

Cant beliebve no one else posted this.

Good luck to holders. I dont hold...but looks very promising with results in 3 weeks.

August 27, 2007

Page 1 of 2 | Single page
Oil exploration and production stocks got beaten up along with the rest of the resources sector in the subprime credit crisis of two weeks ago.

And like their mining cousins, they spent last week recapturing some, but not all, of the lost ground.

Blame that on the strength in the Aussie dollar taking some of the gloss off oil prices. But with world prices climbing back over $US70 a barrel, the recovery in share prices should continue.

That is particularly so where a stock can match a long-term cash flow to leverage in some high-impact exploration. It is a position that one of the industry's junior stalwarts, the Sydney company Drillsearch Energy, finds itself in.

Drillsearch has 462 million shares on issue after recently pulling in $6.6 million from a share purchase plan. At Friday's closing price of 14c, it was valued at about $64 million.

Underpinning that valuation are production interests in the Australia and Canada. Sales revenue for the year to June 30 was $14.68 million, with the group's stake in the Santos-operated Tintaburra (10 per cent) and the Naccowlah (2 per cent) blocks in south-western Queensland accounting for $9.32 million of the total.

Both blocks have been subject of the so-called Cooper oil project in which Santos and its other partners are drilling small oil pools on a rapid-fire basis to maximise production at a time of historically high oil prices.

The project has been kicking goals but floods in the region mean that the full benefits won't begin to flow until the end of the year.

That's all well and good but the punter's main interest in Drillsearch at the moment is in the drilling of the Marina 1 wildcat well next in the Bonaparte Gulf, offshore from Western Australia.

Drillsearch reckons Marina has the potential to contain more than 200 million barrels of oil equivalent. Its partner in the well, ExxonMobil no less, isn't saying what it believes the potential is but the oil giant obviously is not interested in wasting its time by drilling anything but a significant target.

Marina is in WA-318-P, about 250 kilometres west of Darwin in water depth of 65 metres.

Proposed total depth is 2350 metres so, if it all goes to plan, Drillsearch should know within three weeks of Marina's spud-in date whether it's on to a company-maker or not.

The well will target three potential reservoir units where hydrocarbons have been discovered in adjoining permits, most notably ENI's Blacktip field, 60 kilometres to the east.

ExxonMobil will be paying 85 per cent of the well costs to earn a 65 per cent working interest in the permit, leaving Drillsearch to pick up 15 per cent of the costs while retaining a 35 per cent interest. Needless to say, the response to a big find at Marina would be explosive for Drillsearch.

ExxonMobil will be paying 85 per cent of the well costs to earn a 65 per cent working interest in the permit, leaving Drillsearch to pick up 15 per cent of the costs while retaining a 35 per cent interest. Needless to say, the response to a big find at Marina would be explosive for Drillsearch.

http://www.smh.com.au/news/business/drillsearch-has-a-bit-of-production/2007/08/26/1188066946522.html?page=2

tricha

28-08-2007, 08:27 PM

55% gain on my new shares issued in a few weeks, what a bargin :)

esprit

29-08-2007, 01:41 PM

tricha: Do you still see good buying value in this stock at sub 18c levels? What is your target over the next 2-3 months?

The Plunger

29-08-2007, 02:57 PM

Good buying at this price IMHO. Discovery at Marina is worth conservatively 60cps probably a lot more. The fact that Exxon Mobil has returned to Boneparte with DLS speaks volumes.

shane_m

29-08-2007, 04:53 PM

15m oil column !!! 9m net pay...

bring on 26c, I want get free carried on from there.

yogi-in-oz

29-08-2007, 08:40 PM

tricha

29-08-2007, 09:37 PM

tricha: Do you still see good buying value in this stock at sub 18c levels? What is your target over the next 2-3 months?

Yes good value to 18 cents, DrillSearch would be worth around that for its existing oil, probably go between 20 and 25 cents before spud of Marina, a few other juicy prospects to drill after that.

As the Plunger says - "Good buying at this price IMHO. Discovery at Marina is worth conservatively 60cps probably a lot more. The fact that Exxon Mobil has returned to Boneparte with DLS speaks volumes. "

A hit here and multi bagger, if not back to 18 cents I guess.

A bit like 2 up I guess! :confused:

shane_m

30-08-2007, 02:17 PM

looks like more oil today, Naccowlah 3 only 2% to DLS?

tricha

31-08-2007, 12:10 AM

Drillsearch Energy Limited (“Drillsearch”) announces – SW Queensland Weekly Drilling
Update for 29 August 2007. Two rigs are continuing operations on the JV Blocks.
Mulberry 33, a deviated oil development well and the third of 4 directional wells,
intersected the primary target Birkhead Formation at 1245 m. The well was drilled to a
TD of 1382 m and has been cased and suspended as an oil production well.

Current operations are preparing to release the rig to the Mulberry 34 well location.
Muchacho 1, an NFE well spudded on 25 August 2007. Muchacho 1 has reached a
TD of 1459 m, the well encountered oil shows in the primary Murta objective. Current
operations are preparing to run wireline logs.
Weekly Drilling Update is set out below, as at 06:00, 29 August 2007.

Tintaburra Block

Well Details – Mulberry 33
Name: Mulberry 33, Development Well
Permit: PL 39, Tintaburra Block
Rig: PDI-735
Total Depth: 1383 m (Final)
Location: Mulberry 33 is located approximately 300 m east of Mulberry
7.
Objective: Birkhead Formation
Progress: The well was spudded on 24 August 2007. The well
intersected the Birkhead at 1245 m and has been cased and
suspended as a future oil production well.
Participating interests in the Block are:
Santos Limited 89% (Operator)
Drillsearch Energy Limited 10%
CPC Energy Pty Limited 1%

tricha

31-08-2007, 11:59 PM

Get the picture, this former Penny Dreadful has turned over a new leaf!

Drillsearch Energy Limited

ASX RELEASE

Full Year Results 2007
Drillsearch Delivers a Profit of $3.023 Million
from Increasing Oil Revenues

Drillsearch Energy Limited (“Drillsearch”) today reported a net profit after tax and
minorities of $3.032 million for the year to 30th June, 2007. This profit was based on
increased oil production and revenue of $15.577 million an increase of 25% over the
previous year.
During the year Drillsearch achieved a number of major milestones:

•Increased group 2P petroleum reserves by 113% to 2.59 million boe’s through
ongoing successful oil drilling under the Cooper Oil Project to underwrite continuing
revenues.

• Completed capital expenditures of $25.492 million on drilling and development
including the Tintaburra to Jackson pipeline financed through an attractive loan
finance facility from Meridian International at commercially competitive interest
rates but with deferred incentive fees as the company’s capitalisation moves to the
$180 million range.

• Entered an agreement with the world’s leading oil major; ExxonMobil to jointly drill
the high impact Marina 1 prospect in WA.318P.

• Made progress in preparing for seismic surveys and appraisal drilling on the high
impact Turtle/Barnett oil project in 2008.
Drillsearch’s Managing Director, Philip Kelso, said:
“2007 has been one of high achievement for Drillsearch while continuing profitable
operations. Profits are building Drillsearch’s capacity to enter a major growth phase.
The Cooper Oil Project is providing consistent and increasing cash flows from high
quality oil out of the Tintaburra Block. We look forward to Marina 1 as the first of our
high impact projects and moving forward into 2008.”
Attached is Appendix 4E, Disclosures and Financial Statements.
For enquiries contact:
Philip F. Kelso Managing Director
Michael L. Hutt Company Secretary
Telephone: (02) 9241.4440
Email: corporate@drillsearch.com.au

For personal use only

tricha

01-09-2007, 12:33 AM

ow Trich

you REALLY ARE LOUD TONIGHT

on the turps early or what?:eek:

Quite the opposite actually, bought a few hundred thousand of these at the bargin bin recently and wow, plus theres absolutely no value included for MARINA.

So quite excited at the prospect of a multi bagger :D 2 in 10 chance.:rolleyes: I think :cool:

tricha

02-09-2007, 11:23 PM

To think it was in the bargin bin recently @ 13 cents and they issued $5,000 worth of shares @ .113 cents to all of us holders, who took up the offer.

Drillsearch announced a take over coming a few monthes ago, it never happened and I hope it never does till a few of these holes are drilled, at least.

Hmm, EXON MOBIL and the ex penny dreadful Drillsearch in bed together. :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes: :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes: :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes: :rolleyes:
.................................................. .................................................. .

Pinched of HotCopper.

24.06.2002 16:16
Veritas DGC has commenced a 2D seismic survey for Drillsearch on its southern Bonaparte Gulf exploration permits WA 317P, 318P and 319P located approximately 150 kilometers west of Darwin. The permits adjoin WA 279P and WA 313P where Woodside made a substantial gas discovery with its the Blacktip 1 well in August 2001.
That well recorded combined gas flow rates of 89 million cubic feet per day principally from the Permian interval. Veritas will collect approximately 760 kilometers of new high quality 2D seismic data under Drillsearch's 2002 work program. The new data will be merged with existing 2D data. The survey has been designed to further delineate a number of major leads indicated from initial seismic mapping of the Permian and Carboniferous intervals within the permits and up dip from the Blacktip discovery.

Drillsearch said major leads within the permits at the Carboniferous interval have indicated potential original oil in place in individual leads of between 265 million to 2.36 billion barrels. Leads at the Permian interval have indicated potential OOIP in individual leads of between 72 and 285 million barrels. Drillsearch is currently in discussions with several oil companies about the possibility of a farm-in. Drillsearch owns 100 percent of WA 317P, 318P and 319P permits.

[Neftegaz.ru

P.S and I'm 100% alchol free.

JBmurc

03-09-2007, 05:23 PM

taken up another parcel in DLS which will be complete if someone would sell me some more at 17.5c (its like its gone into a trading halt come-on sellers)
havn't had the time to look too deep into DLS but from what I have it looks to be yet another oiler with massive muti-bagger potential

tricha

06-09-2007, 02:42 AM

Yep potential multi-bagger JBmurc :p

http://www.sanford.com.au/ComNews/20070905/00756530.pdf

tricha

07-09-2007, 11:34 PM

More money raising, 1 for 4 rights issue at 10 cents, the markets initial reaction was not good.
The money will be "well" spent on high impact wells.

14th September is the last day to hold some, to participate, so expect on the 15th to see a price drop as punters off load their existing ones to pay for their share of the issue.

Highly successful oil drilling in Cooper
Basin in 06/07 has moved Drillsearch to
$15 mpa from sustainable oil production.

tricha

11-09-2007, 12:03 AM

Good to see Director Peter Simpson picked up 300,000 shares, on market trade on 6.09.2007 ;)

Tok3n

11-09-2007, 09:27 AM

Probably wants his discounted shares from the SPP :)

tricha

11-09-2007, 10:50 PM

And why not, rights issue has two days to run , to get 1 share at 10 cents for every four held.
Even if DLS drops to 14 cents on Friday, still a great deal, because when Marina spuds, back to 17 cents again.

Drillsearch Energy Limited
ASX RELEASE
Marina 1 – Drilling Update

11

th September, 2007

Drillsearch Energy Limited (“Drillsearch”) in joint venture with Esso Australia
Resources Pty Limited, a subsidiary of ExxonMobil Australia Pty Limited, announces
an update on the upcoming Marina 1 well.
The jack up rig, “Wilcraft”, was released to Drillsearch, as operator, on 10th September,
2007.
The rig is now being towed from the North/West Shelf, WA, to the Marina 1 well
location in the Bonaparte Gulf, WA. The towing time is expected to be 5 to 7 days.
The Marina 1 well should be ready to spud around 17th September, 2007.
For enquiries contact:
Philip F. Kelso Managing Director
Michael L. Hutt Company Secretary
Telephone: (02) 9241.4440
Email: corporate@drillsearch.com.au
For personal use only

tricha

17-09-2007, 08:18 PM

Timed to perfection, rights issue only caused the shares to go down .5 cents, way less than my expectations and the drill bit is above target to commence what could be a company maker.

.................................................. .................................................

Drillsearch Energy Limited
ASX RELEASE
Marina 1 – Preparation to Drill

17

th September, 2007

Drillsearch Energy Limited (“Drillsearch”) in joint venture with Esso Ventures Pty Ltd,
an ExxonMobil affiliate, announces an update on the upcoming Marina 1 well.
The jack up rig, “Wilcraft”, has arrived in the Bonaparte Gulf, WA and is on the Marina
1 location at:
Latitude: 13

o 47’ 48.46” south

Longitude: 127o 58’ 18.23” east
The rig is now being jacked up in preparation for drilling.
A further announcement to ASX will be made when the well has spudded.
For enquiries contact:
Philip F. Kelso Managing Director
Michael L. Hutt Company Secretary
Telephone: (02) 9241.4440
Email: corporate@drillsearch.com.au
For personal use only

Drillsearch Energy Limited
ASX RELEASE
2007 Rights Issue
17

th September, 2007

Drillsearch Energy Limited (Drillsearch) announced on 6th September, 2007, that it
would make a non-renounceable rights issue of one (1) share for every four (4) shares
to all shareholders at an issue price of ten cents ($0.10) per new share to raise up to
$11.66 million.
The following documents will be forwarded to eligible shareholders today:
•

An Offer Document detailing the terms and conditions of the Rights Issue;

•

Personalised Entitlement and Acceptance Form (sample attached);

•

Letter from the Chairman of Drillsearch.

A copy of each of the above documents is attached to this notice.
Notice Under Section 708AA of the Corporations Act 2001

(Cth) (Act)

Drillsearch hereby notifies ASX under paragraph 708AA 2(f) of the Act that:
1. Drillsearch will offer the shares for issue without disclosure to investors under
Part 6D.2 of the Act;
2. Drillsearch is providing this notice under paragraph 2(f) of section 708AA of the
Act;
3. as at 17th September, 2007, Drillsearch has complied with the provisions of
Chapter 2M of the Act as they apply to Drillsearch;
4. as at 17th September, 2007, Drillsearch has complied with section 674 of the
Act;
5. as at 17th September, 2007, there is no information:
(a) that has been excluded from a continuous disclosure notice in
accordance with the ASX Listing Rules; and
(b) that investors and their professional advisers would reasonably require
for the purpose of making an informed assessment of:
(i) the assets and liabilities, financial position and performance,
profits and losses and prospects of Drillsearch; or,
(ii) the rights and liabilities attaching to the shares; and
6. the issue of shares under the Rights Issue is not expected to have any effect on
the control of Drillsearch.
For personal use only

tricha

28-09-2007, 02:21 AM

Rights issue dragged them down to 15 cents.

Recovering and issue nearly finalised.

Let the action begin, expect the price to increase closer to 20 cents, the closer Marina gets to target.

I guess thats where u drop 20% off to cover your bet;) Maybe!

This has been a bargain, right :confused: $5,000 worth of shares issued @ 11.3 cents recently.

gave u 44,000 shares worth 16 cents = $7040

Followed up by another issue @ 1-4, gives 11,000 rights @ 10 cents =$1,100

Worth 16 cents = $1760

So in a blink your $5,000 becomes $7,700 @16 cents. Bargain right ?

.................................................. .................................................

But wait, u buy 200,000 shares recently @ 14 cents = $28,000

Get the rights issue of 50,000 shares at 10 cents =$5,000

Now at todays price your $33,000 investment is now

250,000 shares @ .16 = $40,000

Now that's what I call a bargain for this penny dreadful !

.................................................. ..................................................

Hmm, depends how big your balls are, If Marina comes to fruition, those 250,000 shares could be worth $250,000, now thats what I call a bargain.;)
( We will only focus on the positive)
.................................................. .................................................. ..

P.S - I have a dream.:)

clips

28-09-2007, 08:47 PM

25pct jump to finish the week.....

tricha

28-09-2007, 10:58 PM

Wow, speeding ticket, who ever wanted them late today, went in boots and all, no buy a few and wait and buy more, it was buy everything:D

DLSDRILLSEARCH ENERGY LIMITED FPOhttp://sb.iguana2.com/stockness/images/australia.gifhttp://cb.iguana2.com/stockness/intra/delayed/ASX/DLS
Buy 113.3T

19.5

http://sb.iguana2.com/stockness/images/arrow_up.gifLast
20

http://sb.iguana2.com/stockness/images/green_round_small.gif 4 25%
6:50 pm
High 20
Open 16
Volume 7,558,158
20

Sell 481.4T
Low 16
Prev. Close 16
Turnover $1,325,734

tricha

29-09-2007, 12:46 AM

R they onto it, Exxon mobil think they are onto something.:rolleyes:

http://www.drillsearch.com.au/Presention20070522.pdf

tricha

29-09-2007, 02:50 AM

"But wait, u buy 200,000 shares recently @ 14 cents = $28,000

Get the rights issue of 50,000 shares at 10 cents =$5,000

Now at todays price your $33,000 investment is now

250,000 shares @ .16 = $40,000

Now that's what I call a bargain for this penny dreadful !"

Wrong again, now 20 cents x 250,000 = $50,000

JBmurc

29-09-2007, 12:04 PM

sadly I have been away and missed out on the issue arrrg................. still happy with the current 20c SP looks likely to be a cracking monday open

tricha

01-10-2007, 01:28 PM

sadly I have been away and missed out on the issue arrrg................. still happy with the current 20c SP looks likely to be a cracking monday open

Cracker all right JBmurc, announcement, straight into a trading halt.

1 - Oil shows from Marina.
2 - Take over announcement.

Lets hope it's #1.

tricha

01-10-2007, 01:44 PM

Early in the drilling, hmm, got to have found some Black Gold;)

JBmurc

01-10-2007, 03:01 PM

Rang DLS today about getting them some funds to take up my rights only 15k but at 10c easy $1500 profit if i sell straight away which I'm not planning too with this trading halt coming after strong friday buying I'm very confindent where on too a winner at Marina#1(insider knowlegde) and could well see a much higher SP Once the news breaks

esprit

02-10-2007, 08:20 PM

Down 32.5% today on announcement :(

JBmurc

02-10-2007, 08:34 PM

Was just rang by DLS(on my late TT payment to there bank acc get my 10c rights just in time)
I did ask the director how it was to bad Marina#1 didn't hit pay dirt-his reply was alot more upbeat talking up the fact they still didn't have all the imfo but that Exxon where very keen to drill again soon and were happy with the current shows.

I'm Not selling out yet

shane_m

02-10-2007, 09:58 PM

I read the ann two times and sold straight at market, got out at 16c. Dunc would call the people who didn't got out today sitting duck material.

tricha

03-10-2007, 02:21 AM

I read the ann two times and sold straight at market, got out at 16c. Dunc would call the people who didn't got out today sitting duck material.

You did extremely well Shane to get out just in time.

Bad result and well, never count your chickens till they hatch and never assume anything:(
Unfortunately I was at work, so missed the opportunity.

Till the next well I guess.

Huang Chung

03-10-2007, 02:40 AM

yogi-in-oz

03-10-2007, 02:43 PM

Hi folks,

DLS ... time cycles due on:

05102007 ... positive spotlight on DLS ..... :)

22102007 ... negative cycle here ... finance-related ???

02-05112007 ... 2 difficult cycles expected.

19112007 ... 2 positive cycles ... finance-related???

122007 ... 4 negative and difficult cycles expected in December 2007.

happy days

paul

:)

Hi folks,

DLS ... market has punished DLS, after Marina P&A ... so, looking to take a
new position in this one, ahead of a significant and positive time cycle,
due on Friday 05102007 ... may be a quick trade here, as market is
caught by a surprise announcement ... only negative side to the
timing of this cycle will be those wanting to unload their holdings,
into any rally, after the demise of Marina.

These DLS guys put a positive spin on everything ... see headline for
last P&A announcement on Marina, so it will be interesting to see what
they come up with next ... !~!

have a great day

paul

:)

=====

Huang Chung

08-10-2007, 11:34 PM

These DLS guys put a positive spin on everything ... see headline for last P&A announcement on Marina, so it will be interesting to see what they come up with next ... !~!

You're not wrong Yogi.....today's announcement is headed 'Marina 1 Discovery'.:eek:

Real spinmeisters.......

tricha

10-10-2007, 12:08 AM

Tricha, I guess that's the problem with spec oilers......each well is very much a 'heads you win, tails you lose' kind of proposition. To cut the risk, you either have to be quite diversified across a number of spec oilers, or have a sizeable weighting to big guns like Woodside in your portfolio, where the failure of a single well doesn't do much damage.

To my way of thinking, this is where spec miners have it over the oilers.....the picture usually changes more slowly, giving you the opportunity to exit without loosing your shirt.

U r on to it Huang, now have eight oilers, to limit 1 or 2 failures.
A big chunk\punt in DLS on the huge upside, now downside.:(
On the bright side, DLS have production for the next 15 years and upside potential, but we will have to wait a while for the upside.

Now hold ARQ, DLS, EMR, GOG, NWE, NXS, NZO, OEL

JBmurc

10-10-2007, 09:57 AM

-got me 10c issue shares sold the lot for 13c takin a small loss still thats the Jnr oiler game
funds have moved to buy more PSA & EKAO shares
Will keep DLS on the watchlist for now.

tricha

05-01-2008, 10:24 PM

OK management have gone dog, but heres an opportunity for a fresh start.

Drillsearch are earning good coin and they are not the operators, thats a blessing, which in a nutshell means even with this turbulance in management, they have got an income for the next 15 years, not many penny dreadfulls can attest to that.
So in 2008 this dog could be a winner, it is in my picks and it is in my portfilo.
If u want a gambling stock, it is seriously worth a good look

Drillsearch Energy Limited
ASX RELEASE
December Shareholder Operations Update
Production from SW Queensland at Record Levels Drillsearch’s share of November production from SW Queensland was 13,808 bbls the highest to date; this followed on from the previous record set in October. With Naccowlah production recovering from the July 2007 Moonie to Brisbane pipeline outage and all immediately productive Cooper Oil Project wells now online at Tintaburra, the upward trend is expected to continue into December.

The November Group daily (calendar) production figures are as follows:

Project

boepd

Tintaburra (oil)

430

Naccowlah (oil)

30

SW Queensland Total

460

Canada Sales (oil & gas)

236

Group Total

696

The pipeline outage will continue until mid 2008 and the operator Santos has done an excellent job in securing the trucks and installing the facilities to transport production by road both to Brisbane and to Moomba until replacement pipelines can be made operational.
2008 will see reduced activity in the Cooper Oil Project but Drillsearch could be involved in up to 35 wells in 2008. The status of the Cooper Oil Project is summarised in Map 1.
- 2 -
Map 1 – Cooper Oil Project November 2007
Exploration - Forging Ahead
Drillsearch is also revamping its exploration activities and is moving ahead in the Bonaparte and developing major plays in what is to become the Company’s core area SW Queensland. Current exploration activities are summarised in Map 2.
Map 2 – Exploration Status
- 3 -
Canadian Operations
The debt owed to Drillsearch by the 62.7% controlled subsidiary Circumpacific Energy Corporation is to be settled and the Group’s Canadian operations will be revitalised as a consequence. Six wells are already planned for 2008 and new projects are under review. The status of the Group’s Canadian operations is presented in Map 3.
Map 3 – Canadian Operations
PETER SIMPSON
EXECUTIVE CHAIRMAN
December 21, 2007
Abbreviations:
bbl – barrel
bopd – barrel(s) of oil per day
boe – barrel of oil equivalent
boepd – barrel(s) of oil equivalent per day
CER – Circumpacific Energy Corporation
COP – Cooper Oil Project
km – kilometres
m – metres

yogi-in-oz

16-04-2008, 07:06 PM

:)

Hi folks,

DLS ..... trading halt ... expecting some big news/moves for DLS
next week, particularly around 23-24042008 ..... :)

have a great day

paul

:)

=====

yogi-in-oz

18-04-2008, 12:38 PM

:)

Hi folks,

DLS ..... trading halt ... expecting some big news/moves for DLS
next week, particularly around 23-24042008 ..... :)

have a great day

paul

:)

=====

:)

Hi folks,

DLS/GOG ..... and the news does not get much bigger ... a merger ..... :)

have a great day

paul

:)

=====

clips

18-04-2008, 12:39 PM

- not really surprised.........

Drillsearch Energy Limited
ASX RELEASE
CHAIRMAN’S LETTER TO SHAREHOLDERS
Today your company has announced a merger with Great Artesian Oil and
Gas Limited (“GOG”). This merger has been suggested in the past based on
different share values. The major stock market correction has caused
commercial sense to prevail and this merger will create a significant mid-tier
producer.
Specifically, the Drillsearch shareholders have experienced a very difficult
period and I thought it important to stress to Drillsearch shareholders the
benefits of the merger with GOG. The combined group will now have –
 Much improved access to the capital markets for equity and debt.
 Critical mass which will enable us to exploit the value of our combined
and complementary assets.
 A skilled board and complementary management team with many
years experience in the oil and gas industry.
 An improved and stronger market position to attract the “best” farm-in
partners.
 Ample infrastructure and human resources appropriate to a mid tier oil
and gas company to work our assets.
 Enhanced credibility with all stakeholders.
Through this merger Drillsearch shareholders will be better positioned to
exploit the many opportunities as a mid tier company in an expanding oil and
gas industry.
For further information, please contact the Executive Chairman on (02) 9241
4440.
Yours faithfully,
PETER P SIMPSON
EXECUTIVE CHAIRMAN
DRILLSEARCH ENERGY LIMITED

yogi-in-oz

20-05-2008, 07:09 PM

:)

Hi folks,

DLS ..... have not heard much about this merger with GOG.

Figuring on some positive cycles bringing some news,
over the next couple of weeks:

30052008 ..... minor and positive cycle

02-03062008 ..... 3 significant time cycles to focus positive
spotlight on DLS ..... :)

have a great day

paul

:)

=====

yogi-in-oz

23-05-2008, 05:30 PM

:)

Hi folks,

DLS ..... ticking up already ... bring it on .... :)

have a great day

paul

:)

=====

clips

04-06-2008, 07:41 PM

hmmm quietly ticking up...... any reasoning out there..?

yogi-in-oz

05-06-2008, 03:26 AM

hmmm quietly ticking up...... any reasoning out there..?

:)

Hi Clips,

DLS is reflecting the 1-for-3 merger terms with GOG ... GOG up about .015,
so DLS is worth about .005 more, today ..... :)

have a great day

paul

:)

=====

yogi-in-oz

08-06-2008, 04:29 AM

:)

Hi folks,

DLS ... took some profits on Friday, as until the merger is
sorted out with GOG, there may be some uncertainty ... ???

..... some DLS cycles, ahead:

27-30062008 ... minor

03072008 ... minor

17072008 ... minor

21072008 ... negative cycle here

22072008 ... minor and positive

01082008 ... minor and positive

04082008 ... positive light on DLS

15-18082008 ... 2 cycles + negative news ???

2708-04092008 ... negative spotlight on DLS,
this could be a very nasty low ???

08-09092008 ... 3 significant cycles to bring
positive news ... ???

have a great weekend

paul

:)

=====

clips

23-11-2009, 08:52 PM

got some wind behind it now......

Corporate

13-04-2013, 07:28 AM

Well it has been a long time between posts on DLS. None-the-less, for those that don't no much about Drill Search take a look at this presentation: http://www.asx.com.au/asxpdf/20130225/pdf/42d7s65jcrqz3y.pdf. In particular pages 5 and 33 and note the Y13 production exit rate of 7,750 boepd, of which 6,000 is oil.

DLS also have a JV with QGC, where QGC are funding $90m shale exploration for 60%.

You only have to look at big brother SXY who has a market capitalisation of $958m to know where DLS is going. Both great companies but I think DLS production is going to surprise a few.

Personally I rate the MD Brad Lingo.

Corporate

14-04-2013, 01:00 PM

For some reason copying that link across didn't work. Its the February investor presentation.

Corporate

19-04-2013, 06:18 PM

Huge upside - pipeline complete http://www.asx.com.au/asxpdf/20130419/pdf/42fc3zx478cndt.pdf

6,000 bopd of high margin oil production.

Corporate

20-04-2013, 07:20 AM

Talking to myself here, but anyway...I think 2013 is going to be a huge year for DLS

It's all coming together

6,000 bopd, but don't forget the Wet gas project

New Wet Gas sales agreement, with volume increasing by 30%

Have a listen to this, http://www.brrmedia.com/event/110655/mr-brad-lingo-managing-director?popup=true&wl=573

1700-1800 boepd currently from Wet Gas which DLS has a goal to increase to 5,000 boepd in the next 18 months.

As I said in my previous post, these two projects are going to produce HUGE cashflow

macduffy

04-07-2013, 03:29 PM

DLS getting closer to STO.

http://www.drillsearch.com.au/sites/default/files/document/2013_07_04-DLS_STO_form_Western_Cooper_Wet_Gas_JV.pdf

I hold a few STO from way back but DLS looks more exciting these days!

:(

Corporate

20-07-2013, 01:06 AM

Hi all

I'm very surprise how little chat there has been about Drillsearch production. The latest drilling report stated oil production from PEL91 had reached over 12,500 bold or 7,500 bopd net to Drillsearch.

This is ABSOLUTELY HUGE. Then you add on wet gas production of 1,750 boepd and we are a very large producer with stunning margins.

Our production is double SXY's yet our market cap is much lower.

This is worth a look and I own both plus PGS

Corporate

22-11-2013, 11:26 PM

Great AGM presentation out yesterday for Drillsearch.Year to day (only 4 months) and all key metrics have exceed the entire 2013 finanical year.

Here are the highlights:

Production: 1.14mmboe, (FY2013: 1.06 mmboe)
Revenue: $122.2m, (FY2013: 102.2m)
EBITDAX: $76.8m, (FY2013: 32.9m)
Gross profit: $90.5m, (FY 2013: 58.9m)

This is going to be a powerhouse result on a 12 month basis and massively exceed the production guidence of 2.3-2.5mmboe.

However, the key take-aways for me was the Wet Gas business upside in the nearterm of $100m per annum (Slide 25). Currently this is only around $26m per annum.

Others:

-10 existing oil discoveries in Western Flank
-Current oil production from 3 fields only
-Western flank prospects now exceeding 100
-Full development of existing discoveries and only moderate exploration success required to maintain current production levels
-Existing middleton-brownlow wet gas can maintain production for over 10 years
- 15 wet gas discoveries awaiting development, enough to support another 2-3 wet gas satellites

The Big Ease

23-11-2013, 12:55 PM

Anybody reckon a merger with SXY makes sense?
It would give the merged entity some real muscle.

Corporate

23-11-2013, 09:15 PM

Anybody reckon a merger with SXY makes sense?
It would give the merged entity some real muscle.

It does make sense from an operational point of view but I would be very disappointed if it happened at current prices because I believe DLS is undervalued and SXY overvalued relative to each other.

Corporate

24-08-2014, 02:20 AM

if you have a spare couple of hours, they would be well spent watching the latest corporate presentation. dls clearly lay out their five year plan (what other mid cao oiler has done that) and present very professionally.

big takeaway is news on the acer assets and in particular flax which could be good for 10kbopd.

gazprom1

16-01-2015, 05:50 PM

DLS has been sold off with all the other oilers. IMHO it is one of the better operators and has hedged 1.2mlbs at excellent prices. Low cost operator that is still cash flow positive at these levels. ¤170mln in cash so no cash call in the foreseeable future. Patience.....should be rewarded. Picked up my 2nd tranche today at 72 cents. Still could be some downside (may test the 65 cents again) but really happy to join the register!!!!

Gaz

gazprom1

31-01-2015, 04:21 PM

Corporate

31-01-2015, 11:03 PM

Good solid results for the quarter. Management controlling costs and production strong. SP up 8% from 2 weeks ago. Should open strong on monday after 6% rise in oil on friday. IMHO still a strong buy

gaz

Definitely Gaz, Drillsearch is the premier small mid cap australian oiler. I like to compare the DLS and SXY quarterly reports...

DLS v SXY

Average Price received per barrel A$96.5 v a$81. You can really see the benefit of DLS hedge book here.

Sales A$70m v A$28.2m

Production mmboe .79 v .36

Operating costs A$ per barrel 28 v no disclosure !

Speaking of hedging earlier, the 176,000 and 746,500 barrels that DLS have hedged at us$90 and us$70 for production up to 30 June 2015 is fantastic and 2/3 of the next 6 months production!

gazprom1

03-02-2015, 12:33 PM

Hey Corp,

DLS has taken off the past two days....up to 88 cents as I write. Stability in the oil market overnight is helping sentiment. Down in the low 70's it was almost a no brainer because of the cash pile and the low cost nature of their operations as well as their hedging. Own plenty but should have taken a bigger bite.

If oil continues to improve so will the SP of DLS.

Cheers
Gaz

gazprom1

04-02-2015, 02:09 PM

Decided to cash out of DLS today. 35% in 3 weeks (72 cents to 97 cents) is an amazing return and I am not 100% confident in the oil rally at this point. Maybe I have bailed early but it is good exit.

Still believe that DLS is best placed of the small/ medium producers in the medium term.

Gaz

Corporate

04-02-2015, 10:32 PM

gazprom1

04-02-2015, 10:45 PM

Awesome....money off the table and profits locked in.

Hope all is well in your part of the world.

gaz

gazprom1

24-07-2015, 09:54 PM

Back in DLS tonight...near 12% fall today. Oil prices still going south. DLS still has reasonable hedging in place. Seven group have 19.9% of DLS and BPT....could be some corporate action around DLS. May go a bit lower from here....

Corporate - what are your thoughts?

Cheers
Gaz

Corporate

26-07-2015, 09:39 PM

Gaz - trust you are well.

Oil is a tough place to be at the moment but if I was to pick one oiler to own it would be Drillsearch. I do have concerns over Brads exit and how the strategy may change. Brad was a very good operator and something significant must have happened for him to have departed so quickly. I'm interested to see where he pops up next.

Like you say corporate action might be on the cards and I wouldn't be surprised if Drillserach didn't exist in 12 months time. Seven are busy behind the scenes - I just hope shareholders get fair value.

gazprom1

06-08-2015, 04:41 PM

Hey Corp,

Not great that Brad has gone....SP negatively affected by his departure.

DLS continues to drift lower after the big drop of two weeks ago. I have been buying down the curve...)))) Should have good free cash flow this year with its hedging in place, stable production, wet gas coming online and free carried on some wells. Nice cash pile as well.

OP is impossible to pick but short term does not look good. Seems to be bouncing around these levels but could break lower.

I am also in FAR which is struggling. Potentially a great discovery in Senegal but not a huge amount of cash...enough to do 2 appraisal wells but that is about it. Will be hoping for confirmation of the oil basin and then a CR to carry on with exploration and further appraisal. Oil stocks are completely out of favour but should have their day in the sun.

Gaz