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Last $0.95 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

drillsearch energy ltd (DRLLF) Snapshot

Open
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Previous Close
$0.95
Day High
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Day Low
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52 Week High
08/7/14 - $1.38
52 Week Low
01/8/15 - $0.54
Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
461.1M
EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for DRILLSEARCH ENERGY LTD (DRLLF)

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drillsearch energy ltd (DRLLF) 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 (DRLLF) Top Compensated Officers

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 (DRLLF) Key Developments

Drillsearch Energy Limited Announces Executive Changes

Drillsearch Energy Limited announced that a global search is underway to find a permanent successor to Managing Director and Chief Executive Officer Brad Lingo who is leaving the company by mutual agreement, effective immediately. Chief Operating Officer Walter Simpson has been appointed as Acting Chief Executive Officer while the search is progressed, with candidates being considered from Australia and overseas. Mr. Simpson joined Drillsearch in March 2015 from BG Group subsidiary QGC. He has more than 30 years' experience in oil and gas, working in a number of roles in the industry worldwide for BG and other companies, including Baker Hughes and BP.

Drillsearch Energy, Ltd. Announces Management Changes

Drillsearch Energy Limited announced that a global search is underway to find a permanent successor to Managing Director and Chief Executive Officer Brad Lingo who is leaving the company by mutual agreement, effective immediately. Chief Operating Officer Walter Simpson has been appointed as Acting Chief Executive Officer while the search is progressed, with candidates being considered from Australia and overseas.

Drillsearch Energy Limited Provides Production and Capital Expenditure Guidance for Fiscal Year 2015 and 2016

Drillsearch Energy Limited provided production and capital expenditure guidance for fiscal year 2015 and 2016. For the fiscal year 2015, against a backdrop of uncertainty in global oil markets, Drillsearch has completed its large ever work program in fiscal year 2015, delivering considerable success. A total of 41 wells were drilled across Drillsearch's acreage ­ resulting in 12 new discoveries, three in Oil and nine in Wet Gas, and an overall drilling success rate across Oil and Wet Gas of 74%. In addition, the Western Flank joint venture undertook significant investment in wellhead capacity including a successful ten-well development campaign to support strong production from Oil Business. Subject to final confirmation, fiscal year 2015 production is expected to be 3.0 million barrels of oil equivalent (mmboe), meeting the lower end of guidance of 3.0 to 3.2 mmboe provided in February. Capital expenditure for the full year is expected to be approximately $145 million, subject to final joint venture billings for June 2015, which is below the lower end of the company's updated guidance. The company provided preliminary guidance for fiscal year 2016 production and capital expenditure of 2.8 mmboe 3.2 mmboe, and $80 million to $110 million, respectively. The work program for fiscal year 2016 is expected to include: Connections and facilities investment in the Western Flank Oil Fairway building on the investment in wellhead capacity in FY2015 to support continuing strong production; Tie-ins and production testing to bring new and existing gas discoveries online ­ notably in PEL 182 (Vanessa) and the Western Wet Gas joint venture with Santos. Production from these areas is expected to come online progressively from the middle of fiscal year 2016; and Up to 22 wells, including exploration wells in PEL 570, ATP 924, and PRLs 173 ­ 174 (formerly PEL 101).

 

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Industry Analysis

DRLLF

Industry Average

Valuation DRLLF Industry Range
Price/Earnings 7.4x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 3.2x
TEV/Sales 0.2x
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