This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

DLS - Drillsearch Energy

Jump to new
any thoughts on this stock? this stock is certainly undervalued, and some good news are coming out on their projects......a company with 0 debt, good cash flow and newly appointed directors that boost exploration activities and financing mean...certainly has more potentials...5c looks very yummy right now:::
 
They may have no debt gagaga, but they have no money either. The recent share issue looks like it will be a flop, their biggest single shareholder Beach is selling down like there is no tomorrow, 2 of the directors.....well Beach are selling down.

The company has become so litigious since the new board structure occurred in June, they will have some legal fees coming up that will need to be paid. There goes any money raised from the share issue. The cash flow you mention does not match the monthly burn.

I do not see Drillsearch as good bet at present.

I no longer own any Drillsearch shares.
 
Beach have a tendency to "trade" their assets - eg two 10% chunks of the BMG field; their Tipton West CSG interest. They recently mentioned the profits made on the failed takeover bid for DLS - quite how they work this out is a bit obscure seeing as they issued BPT shares, not cash - but never mind.

It wouldn't surprise me to see them continue to sell down their remaining DLS interest - about 10% - with a view to having another go at them sometime down the track.

Disc: Hold a few BPT but no DLS.
 
I notice on another forum posters saying DLS says it has a good relationship with BPT. This would be why Beach have now knocked back 3 times approaches by DLS for a JV partner. They want DLS at arms-length.
 

Yes, BPT has an interesting tendency, hasn't it? But we should acknowledge that it did very well from the BMG and TW disposals.

If BPT does attempt another takeover on DLS, then I wonder if the additional DLS shares in circulation would influence the offer price. One would think BPT is interested only in their Cooper basin resource/reserves and possibly the relevant tangible assets. All else is superfluous.
 
Not holding any of these but noticed they are having a bit of a run again on the back of 2 good announcements....



Traded today between .063c and .083c on a volume of roughly 106 million and finished 27% up on .083c (+.018c). Not a bad day, just thought it was interesting no one has commented on these.
 
Annouced today:


This seems to me to be saying, we may have a lot more product to sell if we can work out how to get it to the surface.

More from the same announcement:


Watch this space, I guess.
 
Now BPT are out of the way(in a sense) and some of the floodwaters have abated, production can go on.
I'd rather own DLS @ o.05 than BPT @ 0.75(or even 0.30).......those with patience (I stress endless?) will be happy they hung around.
Let's see where the earlier knockers are then.
Be Good!
 

Welcome Kevin,

I know it is your 1st post, but please explain why you feel this is the case? ASF is for analysis and explanations, so the more details the better

Thanks
 
I bought this stock at the absolute height and then took up the 12.5c float that came out on top of that so I hope our new mate is right.
 
prawn_86 said:
Welcome Kevin,

I know it is your 1st post, but please explain why you feel this is the case? ASF is for analysis and explanations, so the more details the better

Thanks
Click to expand...

Prawn, I think Kevin is another Drillsearch tragic. Not knocking you Kevin just that DLS are long on promises and short on action. The current board are self-serving. Don't expect anything great out of this company. Just being a realist. I did own a number of these and woke up one day to what was going on.

Good luck but I reckon you are better off out of them.
 
DLS is in the process of absorbing INP although described as a merger it is in reality a takeover with 2.5 shares in dls being swapped for each share in INP. This gives the reformed company a increased number of prospective leases and prodycing fields but also increases the amount of shaews available. It values the INP shares at 16 cents a share . Market reaction was that INP rose strongly to 13 cents and DLS fell slightly
 
Looking-in on this thread it's been almost 2 years since my first post and warnings about the company's self-serving BoD. Not much has changed and that includes the woeful share price which is pretty much bang-on what it was when I sounded my first warning.

Since I ditched DLS I have turned a handsome profit in companies with real prospects, those not requiring constant capital raisings to continue to fund the cash burn.

I can only say to anyone thinking of investing in this company to do your research carefully. I wouldn't go near it again. :shake:
 
I agreed this company is crap however, i think this company will do very well due to the QLD flood, since it knocks out alot of their competitors providing oil and gas in QLD such as santos.

This may have already been reflected in the current price, since the price suddenly spiked from 0.059 to 0.073 with no release of additional information.

However now that VIC is also flooding, maybe there is more to come, but i still not sure which part of VIC is effected and if oil producers such as VIC petroleum is effected.
 
There are many little oilers and species on asx you should look at before you invest in DLS. I could not recommend this company to anyone. My comments are not sour-grapes, a desire to bring down the board or to down-ramp the company.

Better put your money on the doggies imo.
 
Quiet market today to start and a quieter announcement 3 mins before market opening.
The 2 P reseve rose by 887% - no misprint. See attached.
Market normally reacts aggressively but the reaction was hardly noticable.
Interesting behaviour on DLS - all good news for last few weeks - no tangible visibility in the SP movement
 

Attachments

  • DLS 5 MAY 2011.pdf
    76 KB · Views: 10
Very new to this forum first time poster and hoping to begin investing soon.

SP has dropped from 59c to 50c following an announcement of a share issue. Feeling very tempted to start buying at either 48 or 49? Future projects does seem promising although i don't particularly like the idea of such a huge share issue (50 million shares?) Seems like this is gonna result in a major dillution? Results from the past 6 months does not seem good too with a drop in SP since early 2011.

But it does seem pretty cheap now.

Any thoughts on this one?
 
Drillsearch chart looking good. Major resistance line broken in January (line goes back a few years). This support line, at about 93 cents needs to hold.

Cheers
Scott

 
sreeve nice chart, so far so good with the move and close above $1.

Exciting times, looks like they may be having a bit of takeover interest judging from the strong upwards move when viewed in comparison to SXY, BRU recently. Very solid support so far.
 


I had a great exit at what I thought was the climax, but it has kept on going! When will it end?! At least I got out without watching my profits get away!

I just can't see this move continuing in this way. Surely the tide will turn.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...