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DLS 69.0¢

more drilling

  1. acturtle

    3,800 posts.
    This drill program could get some market interest when it gets going.

    I hold DLS

    acturtle


    DRILLSEARCH ENERGY LIMITED 2003-02-05 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    DRILLSEARCH ENERGY LIMITED - EXPANDED 2003 OIL DRILLING
    PROGRAMME, SOUTH WEST QUEENSLAND
    OPERATOR: SANTOS LIMITED

    Drillsearch Energy Limited ("Drillsearch") reports that its oil
    drilling programme for 2003 has been expanded from the 4 wells
    previously announced up to an 11 well programme. The wells will be
    drilled within ATP299P, Tintaburra block, south/west Queensland.
    Drillsearch holds a 10% working interest in the block.

    The programme will now comprise 3 to 4 delineation wells and up to 8
    development wells.

    The 8 well development drilling programme will target shallow Murta
    Formation and Wyandra Formation reservoirs of the Tintaburra,
    Talgeberry and Tarbut/Ipundu fields.

    Drillsearch Energy's share of production from this drilling will come
    on stream progressively commencing in September, 2003 and will be
    part of an ongoing oil drilling programme designed to expand and
    exploit the proven and probable oil reserves within the Tintaburra
    block.


    P F Kelso
    MANAGING DIRECTOR


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