Drillsearch Energy Limited September 2010 Quarterly Report Highlights Announcement of a proposed merger with Innamincka Petroleum Limited via a friendly scheme of arrangement. Four wet gas fields were declared commercial…
Drillsearch Energy Limited September 2010 Financial highlights Full Year June 2010 Sept 2010 Quarter Quarter Description Units 2009-2010 Quarter Quarter Change Change % Oil & gas production Australia boe 96,181 18,570 18,441…
Drillsearch Energy Limited September 2010 Production and revenue Australia Canada Australian oil production for the September quarter was Canadian oil and gas production for the September 18,441 bbls, which was a 1% decrease over…
Drillsearch Energy Limited September 2010 Development and exploration Drillsearch Cooper Basin Assets Source: Drillsearch Energy Ltd 4
Drillsearch Energy Limited September 2010 New Oil Business Drillsearch announced the planned drilling of five The prospects are all in close proximity to the Chiton Oil exploration wells in PEL 91 in the Cooper Basin Western Field…
Drillsearch Energy Limited September 2010 Wet Gas Business The extended production test for the Canunda Wet In connection with this declaration, Beach had advised Gas discovery was suspended due to heavy winter Drillsearch that…
Drillsearch Energy Limited September 2010 Mature Oil Business Unconventional Gas Business There was no drilling activity during the quarter in the During the quarter, the Company continued its Tintaburra (Drillsearch 11%) joint…
Drillsearch Energy Limited September 2010 Financial Position Drillsearch Energy remains in a sound financial position. The cash balance at the end of September 2010 was 4.7m with no debt. Actual cash payments for exploration,…
Drillsearch Energy Limited September 2010 Corporate Portfolio Rationalisation In keeping with the focus of the Companys activities The Scheme Booklet will be lodged with the Australian in the Cooper Basin, the Company had a busy…
Drillsearch Energy Limited September 2010 Canada The company announced during the quarter its intention to sell its 79.37% holding in TSX.V listed Circumpacific Energy Resources via a Plan of Arrangement Agreement to Western Petroleum…
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