Q1 DRILLSEARCH ENERGY LIMITED September 2012 Highlights Growing Reserves, 47% increase in 2P Reserves Growing Production, 2P Reserves have increased Growing Cash Flow to 12.5 mmboe driven by appraisal drilling success in the…
Q1 DRILLSEARCH ENERGY LIMITED September 2012 Production and Revenue Total production for the September 2012 quarter increased 15% to 212,027 boe, up from 184,861 boe recorded for the prior quarter. Production for this quarter from…
Q1 DRILLSEARCH ENERGY LIMITED September 2012 Development and Exploration Oil Business The appraisal and development drilling program continued at the Bauer 6, 7 and 8 wells will have a positive material impact on Bauer Oil Field…
Q1 DRILLSEARCH ENERGY LIMITED September 2012 Wet Gas Business Production of wet gas from the Middleton-Brownlow Pilot Project The extended production test of Coolawang-1 in PEL 106B was decreased by 7% over the previous quarter to…
Q1 DRILLSEARCH ENERGY LIMITED September 2012 Central Unconventional Fairway ATP 940P Source: Drillsearch Energy Ltd Unconventional Business During the quarter the Winnie 3D seismic survey acquisition Corporate began at the…
Q1 DRILLSEARCH ENERGY LIMITED September 2012 Financial Position Drillsearch has grown to a solid financial position through a 50 million capital raising undertaken during the September quarter. The cash balance at the end of…
Q1 DRILLSEARCH ENERGY LIMITED September 2012 Further information For further information please contact: Drillsearch Permit Area, Cooper-Eromanga Basin Brad Lingo Managing Director Ph: +61 2 9249 9600 Email: admindrillsearch.com.au…
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