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gas should be flowing

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    DRILLSEARCH ENERGY LIMITED 2002-05-20 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Drillsearch Energy Limited advises that the completion operations on
    the Talisman operated well (16-8-52-22W5M) at Lambert in west central
    Alberta, Canada have been successful. The Cardium Formation has been
    fracture stimulated and an absolute open flow (AOF) production test
    resulted in commercial gas flow rates and significant volumes of
    associated condensate. Operations to tie-in this well are anticipated
    to commence by the end of May, 2002 and the well is expected to be on
    production before the end of June, 2002. Drillsearch's Canadian
    subsidiary Circumpacific Energy has earned a 9.8% interest in this
    exploration well and associated infrastructure.

    The successful completion of the 16-8 well has indicated 2-3
    development drilling locations in the Cardium Formation on the
    Lambert property. Forward operations at Lambert are anticipated to
    involve completion of the Cardium gas discovered in the 5-4 well
    where gas was discovered in a number of zones in late 2000.

    M L Hutt
    COMPANY SECRETARY
 
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