Last A$0.87 AUD
Change Today +0.105 / 13.73%
Volume 2.8M
DLS On Other Exchanges
Symbol
Exchange
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As of 12:10 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

drillsearch energy ltd (DLS) Snapshot

Open
A$0.80
Previous Close
A$0.77
Day High
A$0.88
Day Low
A$0.80
52 Week High
04/23/14 - A$1.74
52 Week Low
12/15/14 - A$0.65
Market Cap
401.2M
Average Volume 10 Days
4.3M
EPS TTM
A$0.17
Shares Outstanding
461.1M
EX-Date
--
P/E TM
5.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for DRILLSEARCH ENERGY LTD (DLS)

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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 and Company Secretary
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 Energy, Ltd. Announces November Drilling Report

Drillsearch Energy, Ltd. announced the Bauer development drilling campaign in PEL 91 (Drillsearch 60% and Beach 40% and Operator) continued with a further four wells cased and suspended during November, following the drilling of Bauer-14 in October. Bauer-15 was drilled in the northerly section of the field and was cased and suspended as a future producer. Bauer-16, -17, -18, and -19 are deviated wells from a single pad location in the central part of the Bauer field. Given the close proximity of these wells a pad drilling approach was implemented eliminating the need for rig re-mobilisation. A `sideways walk' of the rig achieves savings in terms of footprint, drilling time and costs. The PEL 182 joint venture (Drillsearch 47% and Senex 53% and Operator) spudded the Sheerkhan-1 exploration well in the northeast of the permit on 19 November 2014. Initial logs indicate hydrocarbon shows in the Birkhead Formation. Further testing and evaluation will continue before the final result of the well is known. Northern Cooper Gas and Liquids Project Area has PRLs 14, 17, 18, PEL 103. In PRL 14, the recertification of the Flax production facility will be completed by mid-December 2014 after which the facility will be ready to accept production, with Flax-3, - 4 and -6 due to come online at that time. Western Wet Gas Fairway has PELs 106, 107, 513 and 632. The second well to be drilled in PEL 106 this financial year by the joint venture between Drillsearch and Beach Energy (Drillsearch 50%, Beach 50% and Operator) spudded on 14 November 2014. Maupertuis-1 is located 1.7 km to the southwest of the successful Canunda-2 development well. Northern Cooper Wet Gas Project Area has PEL 182. In PEL 182, the joint venture (Drillsearch 47%, Senex 53% and Operator), has commenced a Production Test at the Vanessa-1 wet gas field, which was originally discovered in 2007. The current test involves completing the well and conducting a test to quantify the reserve and gauge well deliverability. Central Unconventional Fairway has ATP 940. In ATP 940 (Drillsearch 40% and Operator, QGC 60%), the fourth well in the current program, Amidala-1, was spudded on 20 November 2014 and is expected to reach proposed total depth of 3,488 metres early in the March quarter. As of 3 December 2014, the well had reached 1,820 metres and was drilling ahead. The hydraulic stimulation campaign at Anakin-1 recommenced this week and at Charal- 1 production testing is also due to commence in December 2014.

Drillsearch Energy, Ltd. Appoints Walter Simpson as Chief Operating Officer

Drillsearch Energy, Ltd. announced further strengthening of its senior management team with the appointment of Mr. Walter Simpson as Chief Operating Officer, reporting to Managing Director Brad Lingo. The most recent role in Mr. Simpson's 30-year career in oil and gas was with BG Group subsidiary QGC as Technical & Commercial Director, based in Brisbane. He has worked in a number of roles in the oil and gas industry worldwide for BG and other companies including Baker Hughes and BP.

Drillsearch Energy, Ltd. Approves the Appointment of PricewaterhouseCoopers as Auditor

Drillsearch Energy, Ltd. announced at the annual general meeting held on Nov. 19, 2014, the shareholders of the meeting approved the appointment of PricewaterhouseCoopers as auditor.

 

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DLS

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Valuation DLS Industry Range
Price/Earnings 4.1x
Price/Sales 0.7x
Price/Book 0.8x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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