Drillsearch Energy Limited

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Drillsearch Energy Limited Company Summary

Drillsearch Energy Limited (ASX:DLS) explores and develops conventional oil and gas projects. Drillsearch has a strategic spread of petroleum exploration and production acreage in Australia's most prolific onshore oil and gas province, the Cooper/ Eromanga Basins in South Australia and Queensland. The company's focus is on 'brownfields' exploration where geological risk is reduced and there is access to existing infrastructure, ensuring that any discoveries can be brought into production. The company also has offshore exploration interests in the Gippsland Basin and in PNG as well as oil & gas production interests in Canada.

DIRECTORS / OFFICERS

Jim McKerlie Chairman Mr McKerlie is a Chartered Accountant and business consultant and has had a global career consulting to small and large companies on growth strategies as a managing partner at KPMG and Partner in Charge at Deloitte. He has extensive corporate experience as director and chairman of private and public companies. Mr McKerlie is Group Chief Executive of Bullseye, which he founded. Date of appointment, Great Artesian: 14 September 2007, appointed Drillsearch 12 August 2008. Brad Lingo Managing Director Brad Lingo has more than 25 years of oil & gas experience ranging from frontier deepwater exploration offshore West Africa to commercialisation of major gas projects in Australia. He has been involved in all phases of the oil & gas business and project development, mergers & acquisitions, financing and equity capital raising for both listed and private companies both in Australia and internationally. Mr. Lingo was appointed to the Drillsearch Board in May 2009 and became Managing Director on 15 June 2009. Dato' Choo Beng Kai Non-Executive Director Dato' Choo Beng Kai (BK) joined the family owned property development company in 1996. He later started his own company, Masmeyer Holdings Sdn Bhd in 2002 of which he is Managing Director. BK has many successful years entrepreneurial experience majoring in developing and implementing innovative business concepts. These developments have lead to the successful establishment of a number of businesses. In addition to hands on project management, BK is also involved in NGOs and is Deputy Chairman of Penang Choo's Association and a member of the central committee of the World Choo's Association. BK is a Member of the "Order of the Crown of Kedah" (AMK) and a Knight Commander of the "Most Honourable Order of Sultan Ahmad Shah" (DSAP). He was also appointed Justice of Peace by the State government of Kedah, Malaysia in 2008. Fiona Robertson Non-Executive Director Fiona Robertson currently works as the Chief Financial Officer of Petsec Energy Limited and has a background of more than 30 years in corporate finance and the resources sector. She has extensive experience in financial reporting, international corporate finance, corporate governance and in working with emerging resource companies. Her career includes roles with Delta Gold and The Chase Manhattan Bank in New York, London and Sydney. Ross Wecker Non-Executive Director Ross Wecker was until recently the Managing Director of Innamincka Petroleum Limited and has more than 35 years’ experience in the oil and gas industry. He is a highly experienced geologist with extensive exploration knowledge of the Cooper and Eromanga Basins. Prior roles include the direction of an exploration team in the Cooper Basin for Delhi Petroleum Pty Ltd and Esso Australia Limited and providing specialist technical advice to several Australian and American companies regarding the acquisition and management of exploration acreage in the Cooper and Eromanga Basins. Ian Bucknell Company Secretary Ian joined Great Artesian in October 2007 as Financial Controller and was appointed as Company Secretary in March 2008. Ian is an experienced Certified Practicing Accountant with over 10 years International upstream Oil and Gas accounting experience. He held a number of finance management positions with Oil Search Limited prior to joining Great Artesian. Date of appointment as Company Secretary, Great Artesian: 26 March 2008, appointed Drillsearch 12 August 2008.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 8
		16 Spring Street
		Sydney NSW 2000
		Australia
	Telephone	+61-2-9241-4440
	Fax	+61-2-9241-4404
	Principal Sector	Energy
	Principal Industry	Energy
	Listed	1987/07/02
	Homepage	www.drillsearch.com.au/

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Key Developments: Drillsearch Energy Limited

	Beach Energy Limited (ASX:BPT) New Terms Agreed for PEL 106B Raw Gas Sales with SACB JV MAR 19, 2013 11:42 - Article Views: 868 Beach Energy Ltd (ASX:BPT) and Drillsearch Energy Ltd (ASX:DLS), its joint venture partner in PEL 106B (Beach 50% and operator, Drillsearch 50%), have entered into a new gas sales agreement (GSA) with the South Australian Cooper Basin Joint Venture ("SACB JV") (Beach 20.21%) relating to the production of gas and gas liquids.
	FINANCE VIDEO: Bounty Oil and Gas (ASX:BUY) CEO Philip Kelso Presents at Investorium.tv on February 4th, 2013 FEB 12, 2013 03:39 - Article Views: 2,280 Presenting to investors in Sydney on February 4th, 2013, Bounty Oil and Gas (ASX:BUY) CEO Mr. Philip Kelso outlined the company's strategy and current projects as well as an overview of global oil demand.
	Drillsearch Energy Limited (ASX:DLS) Announces Bauer Oil Field Drilling Success Continues AUG 20, 2012 10:28 - Article Views: 1,375 Drillsearch Energy Limited (ASX:DLS) announced further success as the Western Flank Oil Field Development Program continues, with the completion of the Bauer-6 development well which is being cased and suspended as a future oil producer. The PEL 91 Joint Venture consists of Drillsearch 60% and Beach Energy as Operator 40%.
	Beach Energy Limited (ASX:BPT) Progressing Tie-In of New Oil Trunkline to Moomba MAY 25, 2012 13:47 - Article Views: 1,601 Beach Energy Limited (ASX:BPT) has been informed by Santos (ASX:STO), the operator of the Tantanna to Moomba oil pipeline, that Santos plans to permanently shut down the Tantanna to Gidgealpa oil pipeline on 1 June 2012. The new Lycium Hub to Moomba trunkline, which will replace the Tantanna pipeline and have an increased capacity of 15,000 bopd, is expected to be operational in Q4 2012
	Beach Energy Limited (ASX:BPT) Commences Production from Middleton Gas Project JAN 9, 2012 10:32 - Article Views: 2,200 Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has produced first gas from the PEL106B Joint Venture's Middleton gas production facility. Gas is now flowing to the Moonanga Tie-In Point, at which point the Raw Gas is sold to the South Australian Cooper Basin Joint Venture (Santos (ASX:STO) 66.60%, Delhi Petroleum 20.21% and Origin Energy (ASX:ORG) 13.19%) under a Gas Sale Agreement for the sale of a minimum 3 Billion Cubic Feet of Raw Gas. Initial production rate after ramp up is expected to be 25 MMscf/d comprising about 15 TJ/d sales gas, and 1250 bbls per day of LPG and condensate.
	Beach Energy Limited (ASX:BPT) to Commence Appraisal and Development of PEL 91 Bauer Field SEP 21, 2011 13:06 - Article Views: 1,942 Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises that following mapping work undertaken on the Bauer Field in PEL 91 (Beach - 40% and Operator, Drillsearch Ltd (ASX:DLS)- 60%), Beach anticipates the field has the potential to deliver mean recoverable reserves of around 3.5 million barrels (MMbbl) (gross), up from the initial estimate of 2.0MMbbl (gross).
	Drillsearch Energy Limited (ASX:DLS) Update on Searcy-1 Drilling Results and PEL 91 Drilling Program AUG 19, 2011 15:53 - Article Views: 1,924 Drillsearch Energy Ltd (ASX:DLS) (PINK:DRLLF) is pleased to provide this drilling update for the Searcy-1 oil exploration well and the expansion of the PEL 91 Joint Venture drilling program. Drillsearch holds a 60% interest in the PEL 91 Joint Venture while Beach Energy Limited (ASX:BPT) (PINK:BEPTF) as Operator of the joint venture holds 40%.
	Drillsearch Energy Limited (ASX:DLS) Searcy-1 Oil Exploration Well Spuds, Western Flank Oil Fairway AUG 11, 2011 10:04 - Article Views: 2,304 Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that following its fourth success in the Western Flank Oil Fairway drilling program with the discovery of oil at Bauer-1 that Searcy-1, the fifth well in the five well program spudded at 20:45hrs, Wednesday 10 August 2011. Drillsearch holds a 60% interest in PEL 91 while Beach Energy Limited (ASX:BPT) (PINK:BEPTF) as operator holds 40%. To date, Drillsearch has drilled four new oil discoveries on the first four oil exploration wells - Hanson-1, Snellings-1, Arno-1 and Bauer-1 as part of the 5-well Western Flank Oil exploration program.
	Drillsearch Energy Limited (ASX:DLS) Announce Western Flank New 2 Million Barrel Oil Field Discovery at Bauer-1 AUG 1, 2011 14:14 - Article Views: 2,188 Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce its fourth consecutive new field oil discovery in the Western Flank Oil Fairway has been made at Bauer-1, the fourth well in a five well exploration drilling campaign in PEL 91. The PEL 91 Joint Venture is Drillsearch 60% and Beach Energy Limited (ASX:BPT) (PINK:BEPTF) 40% as operator.
	Beach Energy Limited (ASX:BPT) Announce Oil Discoveries at Western Flank AUG 1, 2011 13:34 - Article Views: 1,970 Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to announce two new field oil discoveries at Bauer-1, the third successful well in a five well exploration drilling campaign in PEL 91, and at Rincon-1, the final exploration well of the initial eleven well program for PEL 92. The commencement of the FY12 Joint Venture approved nine well exploration and development program, set down for PEL 92, will now follow this program.

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