Drillsearch hits more gas

Monday May 4, 2015: Drillsearch Energy (DLS) has declared it has made another gas discovery in the Cooper Basin, its sixth this financial year.

The conventional find, which was made as part of Drillsearch's ongoing 40 per cent-held joint venture with Santos, returned "excellent gas shows" with stacked reservoirs identified.

Drillsearch said its preliminary calculations revealed 18.6m of net pay across several zones with potential for unconventional pay also observed.

"We look forward to working closely with Santos to commercialise these new discoveries as part of our longer term strategy to build a material Cooper Basin gas supplier," Drillsearch MD Brad Lingo said.


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