Q4 DRILLSEARCH ENERGY LIMITED December 2011 Highlights Discovery of a new oil field at Basham-1 on the Western Flank with potential upside implications for the northern extension to the Bauer Oil Discovery. The Basham discovery…
Q4 DRILLSEARCH ENERGY LIMITED December 2011 The Managing Directors comments The December quarter 2011 was one in which we built on our successes in the Western Flank Oil Fairway and developed our opportunities in our Wet Gas…
Q4 DRILLSEARCH ENERGY LIMITED December 2011 Production and Revenue The Chiton Oil Field in PEL 91 was shut-in for the majority of the quarter due to road access issues and a lack of available pipeline capacity, however, 1,849 bbls of…
Q4 DRILLSEARCH ENERGY LIMITED December 2011 Development and Exploration Oil Business WESTERN FLANK OIL FAIRWAY PEL 91, The December quarter saw the final well in the Western Flank Oil COOPER-EROMANGA BASIN Fairway exploration…
Q4 DRILLSEARCH ENERGY LIMITED December 2011 Development and Exploration Wet Gas Business During the December quarter, the PEL 106B Joint Venture (Drillsearch 50%, Beach Energy 50% and Operator) signed a Gas Sale Agreement (GSA) with…
Q4 DRILLSEARCH ENERGY LIMITED December 2011 Financial Position Drillsearch remains in a sound financial position. The cash balance at the end of December 2011 was 33.7 million with no debt. The financial information presented in…
Q4 DRILLSEARCH ENERGY LIMITED December 2011 Further information DRILLSEARCH PERMIT AREAS, COOPER-EROMANGA BASIN For further information please contact: Brad Lingo Managing Director Ph: +61 2 9249 9600 Email:…
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