DRILLSEARCH ENERGY LIMITED - ASX: DLS

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Description

Drillsearch Energy Limited is an ASX-listed oil and gas exploration and production company with over 25 years of petroleum exploration and production experience. Drillsearch is primarily focused on the Cooper-Eromanga Basins, Australia's premier onshore oil and gas basins, which span South West Queensland and the North East of South Australia. Drillsearch is now the largest net acreage holder in these basins.

Drillsearch has a balanced portfolio of high-impact exploration, development and production interests presenting significant growth potential with oil well drilling and development of the company's significant wet gas discoveries along with the expansion of the company's holdings in key production interests. Drillsearch has 4 main growth platforms:

* The company's Mature Oil business;
* The New Oil business;
* The Wet Gas business and
* Emerging Unconventional Gas business.

The company is pursuing growth through organic exploration, development activities and strategic acquisitions in its core areas that complement its key businesses. This mix offers shareholders asset growth with real upside potential. This mix is designed to enable Drillsearch to increase shareholder value by becoming, in the near future, a better placed, more successful and sustainable, mid tier Australasian oil and gas explorer and producer.

Mine For

oil, gas

Location of operation(s)

South Australia, Queensland

Australian Basins

Cooper-Eromanga

Address

Level 8 , 16 Spring Street
SYDNEY, NSW, AUSTRALIA

Phone

(02) 9241 4440

Email

Website

http://www.drillsearch.com.au/

Last Updated

13/04/2011