Drillsearch Energy Limited (ASX:DLS) To Commence PEL 91 Drilling Program

Sydney, April 1, 2011 AEST (ABN Newswire) - Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that the PEL 91 Joint Venture (Beach Energy 40% and operator / Drillsearch 60%) is mobilising the Ensign #18 drilling rig to the Hanson-1 drilling location. The rig is expected to arrive by the end of the week. The rig will be transported into the Western Flank area via the Kudnari Bridge over the Cooper Creek and into PEL 91.

Once the rig reaches the Hanson-1 drilling location, Beach and Ensign will conduct a detailed pre-drilling safety inspection and effect minor repairs on the rig. The inspection and repairs are expected to take 7 -10 days. Commencement of drilling is expected to start in the second week of April.

The first prospect to be drilled in the five well PEL 91 drilling campaign is the Hanson Prospect. Once the Ensign #18 drilling rig is on location and the Hanson-1 well has been spudded Drillsearch will provide a further update.

Mr Brad Lingo, Managing Director noted that "This marks the start of a very exciting time for Drillsearch. After a long period of anticipation we now have possession of the rig and spudding of these highly prospective wells is imminent".

For the complete Drillsearch announcement including maps, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/66792-ASX-DLS-629895.pdf

Contact

Brad Lingo Managing Director Tel:+61-2-9241-4440 Email:admin@drillsearch.com.au http://www.drillsearch.com.au