Drillsearch Energy Limited March 2011 Quarterly Report Highlights Revenue from Australian operations of 3.0m for the quarter, up from normalised Australian revenues of 2.87m recorded in the December 2010 quarter. The December…
Drillsearch Energy Limited March 2011 Financial highlights 9 months ended March December March Quarter Quarter Description Units 2011 2010 Quarter 2011 Quarter Change Change % Oil & gas production Australia boe 73,990 29,345…
Drillsearch Energy Limited March 2011 Production and revenue The strengthening of the oil price per barrel has The number of barrels sold in Australia for the quarter was helped to improve the Companys quarterly revenue.…
Drillsearch Energy Limited March 2011 Development and exploration Drillsearch's Cooper-Eromanga Basin Assets Source: Drillsearch Energy Ltd Oil Business There was no drilling activity in the last quarter. The drilling…
Drillsearch Energy Limited March 2011 Drillsearch has also entered into Cultural Heritage Management Plan Agreements with the three Traditional Owners. These agreements are necessary to be able to conduct exploration and…
Drillsearch Energy Limited March 2011 Wet Gas Business The Extended Production Test (EPT) for the Canunda Wet Drillsearch announced in December 2010 that the Canunda Gas Discovery took place in April 2011 over 12.5 days and Liquids…
Drillsearch Energy Limited March 2011 Unconventional Gas Business Drillsearch is currently undertaking geological modelling of Drillsearch will continue to monitor the results from the Cooper-Eromanga Basin in order to fully…
Drillsearch Energy Limited March 2011 Financial Position Drillsearch remains in a sound financial position. The cash balance at the end of March 2011 was 8.5m with no debt. Actual cash payments for Australian exploration,…
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