Drillsearch 2011 AGM Chairmans Report 2011 Annual General Meeting A year of delivery 23 November 2011
A Long Term Strategy Providing the Platform for Sustainable Growth 2 Drillsearch 2011 AGM August 2008 June 2009 November 2009 2010 DLS Board ATP 299P drilling DLS & GOG merger restructure success Water in the Cooper Basin…
A Stable Board with a Shared Vision 3 Drillsearch 2011 AGM Jim McKerlie Brad Lingo Fiona Robertson Ross Wecker Choo Beng Kai Jean Moore Chairman Managing Director Non-Executive Non-Executive Non-Executive Company Secretary…
Strong Managing Director and Managing Team 4 Drillsearch 2011 AGM Brad Lingo Managing Director Brad has more than 25 years of oil and gas experience. John Whaley Ian Bucknell David Evans Chief Strategy & Development Officer…
Finding the People to Deliver the Projects 5 Drillsearch 2011 AGM
Execution now possible as water challenges become manageable. 6 Drillsearch 2011 AGM Residual water in January 2011 Second half 2011 Second half 2011 the 10 for 1 Share May 2011 130M QCG Shale PEL 91 Oil 48M Capital Raising…
Successful Sale of Circumpacific 7 Drillsearch 2011 AGM The sale of Drillsearchs 79.37% share of Circumpacific (CER) to Western Petroleum Commodities Inc (WPC) gave DLS sale proceeds of AUD 5,871,500.70 DLS purchased from CER…
Share Consolidation Managed Successfully 8 Drillsearch 2011 AGM Shares on issue Pre Consolidation Capital Raising today 2,058,079,563 96,368,325 305,176,742
Increase in Reserves 9 Drillsearch 2011 AGM Western Cooper Wet Gas discoveries declared commercial 2P gas and liquids Reserves increase 887% to 8.49MMboe 2P liquids Reserves increase 363% to 3.98MMboe Upgrade underpins initial…
48m raised and Institutional presence now on our register 10 Drillsearch 2011 AGM Pre Capital Raising Post Capital Raising
DLS tracking against the ASX Energy 200 11 Drillsearch 2011 AGM
The War for Talent 12 Drillsearch 2011 AGM Competency based remuneration system Personal plans and KPIs that drive STI and LTI remuneration Most importantly the focus has been on HSE this is a mandatory hurdle for STI and is item…
Shale Gas a Major Opportunity 13 Drillsearch 2011 AGM Strategic Joint Venture to explore and develop unconventional shale and tight gas resources in Drillsearch license in the Cooper Basin Under the Joint Venture, QGC (a 100% BG…
Cooper Basin Offers Low Landholder Impact 14 Drillsearch 2011 AGM Very few landholders within Drillsearch permit areas No prime arable land Land generally desert - used for cattle grazing ATP 940P shale gas project area…
Native Title - a Genuine and Unique Approach 15 Drillsearch 2011 AGM
Investor Relations Engaging You in our Business 16 Drillsearch 2011 AGM
Continuing Success in PEL 91 17 Drillsearch 2011 AGM PEL 91 discoveries YTD FY12 not yet independently audited by Gaffney, Cline and Associates * Subject to appraisal drilling planned June Q 2012 ** Basham not yet declared…
Wet Gas Production in 2011 18 Drillsearch 2011 AGM PEL 106B Middleton-1 well head, Oct 2011 PEL 106B Gas pipeline installation Oct 2011 PEL 106B Moonanga tie-in, Oct 2011
A Focussed Strategy Delivering Success 19 Drillsearch 2011 AGM Growing OIL production from highly successful Western Flank exploration program expected in March quarter 2012 Near term cash flow from high margin, low risk…
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