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Last $0.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

drillsearch energy ltd (DRLLF) Snapshot

Open
$0.75
Previous Close
$0.75
Day High
$0.75
Day Low
$0.75
52 Week High
04/4/14 - $1.60
52 Week Low
01/8/15 - $0.54
Market Cap
343.5M
Average Volume 10 Days
1.4K
EPS TTM
--
Shares Outstanding
461.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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 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 (DRLLF) Key Developments

Drillsearch Energy, Ltd. Announces Management Changes

Drillsearch Energy, Ltd. announced that Ian Bucknell has resigned as a Company Secretary of Drillsearch and Clifford Tuck has been appointed Company Secretary alongside existing Company Secretary Jean Moore. Mr. Bucknell will continue in his role as Chief Financial Officer. Mr. Tuck will assume the joint Company Secretary role in addition to his role as General Counsel.

Drillsearch Energy, Ltd. Reports Earnings and Production Results for the First Half Year Ended December 31, 2014; Provides CapEx Guidance for the Second Half and Full Year of Fiscal 2015; Provides Production Guidance for the Full Year of Fiscal 2015

Drillsearch Energy, Ltd. reported earnings and production results for the first half year ended December 31, 2014. For the period, the company reported revenue of $146.7 million against $200.3 million for the same period a year ago. Statutory net profit after tax was $14.3 million against $35.5 million for the same period a year ago. This was primarily a result of lower revenue and the impact of non-cash, pre-tax impairments of $61.8 million. Underlying net profit after tax was $32.4 million against $55.6 million for the same period a year ago. EBITDA was $52.8 million against $114.3 million for the same period a year ago. Diluted earnings per share were 2.9 cents gainst 8.1 cents for the same period a year ago. Operating cash flow was $97.5 million against $93.8 million for the same period a year ago. Capital expenditure was $95.6 million against $95.7 million for the same period a year ago. Underlying net profit after tax was 42% lower than the prior corresponding period, while EBITDA was down 54%, as a result of lower revenue. First-half revenue was primarily as a result of lower realised oil prices and lower production, following natural field decline that was partly offset by the connection of new wells late in the half. Net debt was $4.1 million against $1.0 a year ago. Adjusted revenue was $150.2 million. Underlying NPAT was $32 million. Production for the first half of fiscal 2015 was 1.5 mmboe, down 13% from 1.8 mmboe in the prior corresponding period, reflecting continued strong performance from the Western Flank Oil Fairway. The company provided capex guidance for the second half and full year of fiscal 2015. Capex for the second half of fiscal 2015 is expected to be in the range $55 million to $70 million, materially lower than the first half. This reflects the weighting of the fiscal 2015 work program to the first half, the deferral of activities originally planned for the second half, and the decision to bring forward additional development pad drilling in PEL 91 (following the success in the first half). Full-year capex guidance is updated to $150 million to $165 million. The company has updated its guidance for fiscal 2015, with production now expected to be in the range of 3.0 to 3.2 mmboe.

Drillsearch Energy Limited Announces Executive Changes

Drillsearch Energy Limited announced that Ian Bucknell has resigned as a Company Secretary of Drillsearch and Clifford Tuck has been appointed Company Secretary alongside existing Company Secretary Jean Moore. Mr. Bucknell will continue in his role as Chief Financial Officer. Mr. Tuck will assume the joint Company Secretary role in addition to his role as General Counsel. Clifford Tuck and Jean Moore are the persons responsible for communication with the ASX in relation to Listing Rule matters.

 

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DRLLF Competitors

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Industry Analysis

DRLLF

Industry Average

Valuation DRLLF Industry Range
Price/Earnings 8.8x
Price/Sales 1.3x
Price/Book 1.0x
Price/Cash Flow 3.8x
TEV/Sales 0.4x
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