Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last A$1.25 AUD
Change Today 0.00 / 0.00%
Volume 0.0
DLS On Other Exchanges
As of 2:10 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

drillsearch energy ltd (DLS) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/28/14 - A$1.73
52 Week Low
12/15/14 - A$0.65
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for DRILLSEARCH ENERGY LTD (DLS)

Related News

No related news articles were found.

drillsearch energy ltd (DLS) Related Businessweek News

No Related Businessweek News Found

drillsearch energy ltd (DLS) Details

Drillsearch Energy Limited explores, develops, and produces oil and gas interests in Australia. The company operates through Oil Projects, Wet Gas Projects, and Unconventional Projects segments. It focuses on unconventional exploration projects on two principal project areas, including the Central Cooper Basin-Nappamerri Trough Shale Gas Fairway; and the southern and western Cooper Basin Unconventional Gas Fairway. Drillsearch Energy Limited was founded in 1985 and is based in Sydney, Australia.

80 Employees
Last Reported Date: 08/26/14
Founded in 1985

drillsearch energy ltd (DLS) Top Compensated Officers

Chief Executive Officer, President, Managing ...
Total Annual Compensation: A$1.2M
Chief Financial Officer
Total Annual Compensation: A$586.7K
Chief Commercial Officer
Total Annual Compensation: A$430.4K
Chief Technical Officer
Total Annual Compensation: A$682.2K
Compensation as of Fiscal Year 2014.

drillsearch energy ltd (DLS) Key Developments

Drillsearch Announces March Drilling Report at Western Flank Oil Fairway and Western Wet Gas Fairway

Drillsearch announced March drilling report at Western Flank Oil Fairway and Western Wet Gas Fairway. Development and exploration drilling continued during March on the Western Flank Oil Fairway (formerly PEL 91, Drillsearch 60%, Beach 40% and Operator). Following success at Stanleys-1 early in the month 1, the next exploration well, Longbottoms-1, was plugged and abandoned after encountering one metre of net pay in the Namur Sandstone, a result that was deemed to be sub-commercial. After drilling a well in a neighbouring permit, the rig used at Longbottoms-1 will return to drill the Pennington-4 appraisal well during the June quarter. During March, the Bauer-20 to -23 development wells were drilled from a single pad location. Pad drilling removed the need for rig demobilisation allowing all four wells to be drilled, cased and suspended within 36 days. All four wells will be completed and connected as future Namur/McKinlay production wells. In the Wet Gas joint venture with Santos (Drillsearch 40%, Santos 60% and Operator), two new discoveries were made in March and early April, taking the joint venture's success rate to five discoveries from six wells in fiscal year 2015. The fifth well in the current eight-well campaign 2, Kyanite-1, was drilled to a total depth of 3,354 metres with excellent gas shows observed and stacked reservoirs identified. On completion of operations at Kyanite-1 the rig moved to the sixth well in the campaign, Spinel- 1, which spudded on 22 March 2015 and was drilled to a total depth of 3,282 metres in early April. Spinel-1 is a near-field exploration well located approximately 11.7 kilometres northeast of the Raven gas field, and 5.3 kilometres east of the Moonanga gas field. Drillsearch's preliminary assessment of the drilling results has identified approximately 11.3 metres of net pay across several zones in the Patchawarra Formation, with a gross interval of 510 metres and approximately 2.5 metres of net pay in the Tirrawarra Sandstone with a gross interval of 58 metres. In addition to the conventional pay, several zones with potential for unconventional pay were also observed. The well will be cased and suspended as a future gas producer.

Drillsearch Energy Ltd with Santos Announce New Wet Gas Discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin

Drillsearch Energy Ltd. announced a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin, the fourth discovery out of five wells drilled by the company's joint venture with Santos Ltd. The Kyanite-1 near-field exploration well in PEL 513 was drilled to a total depth of 3,354m. "Excellent" gas shows were observed across the Patchawarra and Tirrawarra Sandstone/Merrimelia Formations from 250 to 3,795 total gas units, with stacked reservoirs identified. Drillsearch's preliminary interpretation of wireline logs has confirmed an aggregate estimate of 24.2m of net conventional gas pay over several intervals in the Patchawarra Formation, with a gross interval of 534.3m. In addition, 8.5m of net gas pay was encountered over a gross interval of 59.1m in the Tirrawarra Sandstone/Merrimelia Formation. The potential for multiple completion targets has been observed, and formation pressure testing identified good permeability. In addition to the conventional pay, several zones with potential for significant unconventional pay were also observed. Based on the results of this preliminary analysis, Kyanite-1 has been cased and suspended as a future gas producer. Kyanite-1 is located 17.5km due east of the Middleton-1 well in PPL 239 (Drillsearch 50%, Beach Energy Ltd. 50% and operator) and 8.9km northeast of the South Australian Cooper Basin Joint Venture's (SACBJV) Moonanga-1, which produces gas from the Patchawarra Formation. The discovery is close to existing SACBJV gathering system infrastructure.

Drillsearch Energy, Ltd. Announces Changes of Company Secretary

Drillsearch Energy, Ltd. reported that Jean Moore has resigned as a Company Secretary of Drillsearch. Clifford Tuck, recently appointed as a joint Company Secretary, continues as Company Secretary.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DLS:AU A$1.25 AUD 0.00

DLS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AWE Ltd A$1.40 AUD 0.00
Infigen Energy A$0.28 AUD 0.00
Linc Energy Ltd $0.39 SGD +0.005
Senex Energy Ltd A$0.46 AUD 0.00
Sundance Energy Australia Ltd A$0.65 AUD 0.00
View Industry Companies

Industry Analysis


Industry Average

Valuation DLS Industry Range
Price/Earnings 11.2x
Price/Sales 1.6x
Price/Book 1.3x
Price/Cash Flow 4.9x
TEV/Sales 0.8x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DRILLSEARCH ENERGY LTD, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at