Profile: Drillsearch Energy Ltd (DLS.AX)

DLS.AX on Australia Stock Exchange

24 Oct 2014
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Drillsearch Energy Limited (Drillsearch) is engaged in exploration, development and production of oil and gas interests. Drillsearch operates in three segments: Oil; Wet Gas, and Unconventional. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company produced 389,877 barrel of oil equivalent. As of June 30, 2012, it had 2P gas and liquids Reserves of 11.1 million barrels of oil equivalent. During fiscal 2012, exploration drilling yielded six new oil discoveries in the Western Flank Oil Fairway, one of which was the Bauer Field. Subsequently three additional wells were drilled in the Bauer Field. On July 12, 2012, it released a Western Flank Oil exploration and development update detailing a work program. On July 23, 2012, it announced a new Birkhead oil discovery at Bauer-5. In May 2014, the Company acquired a relevant interest of 19.9% in Ambassador Oil & Gas Limited. In June 2014, the Company acquired 19.9% interest in Ambassador Oil and Gas Limited.

Company Address

Drillsearch Energy Ltd

Level 16, 55 Clarence Street
SYDNEY   NSW   2000
P: +612.92499600
F: +612.92499630

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