3484538 (DLS.AX) (DLS) Stock Price, News & Analysis

Drillsearch Energy Limited is an Australia-based company, which is engaged in the business of oil and gas exploration, development and production. The Company's segments include oil projects, wet gas projects, divestment assets and unconventional projects. It divides its activities into three business units, which include oil, wet gas and unconventional. The wet gas business unit includes gas and liquids. Its oil business produces oil from the Bauer oil field on the Western Flank Oil Fairway, and from the Cooper Basin's Eastern Margin. Its oil business also operates through Eastern Margin Oil and Inland-Cook Oil Fairway. Its wet gas business operates through Western Wet Gas Fairway and Northern Wet Gas. Its unconventional business operates through Northern Patchawarra Trough, Western Patchawarra Trough and Central Unconventional. Its total oil production is approximately 2.7 million barrels of oil equivalent (MMBOE) per year and wet gas production is approximately 0.3 MMBOE per year.