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Small-Cap

Drillsearch Energy : BUY or NOT

November 02, 2014 | Team Kalkine
Drillsearch Energy : BUY or NOT

Drillsearch Energy Limited (Drillsearch) is engaged in exploration, development and production of oil and gas interests. Drillsearch operates in three segments: Oil; Wet Gas, and Unconventional. Drillsearch Energy Limited (DLS), one of the largest acreage holders in the Cooper basin region of central Australia, recently announced for successful completion of compulsory acquisition of the outstanding shares in Ambassador Oil & Gas Limited (Ambassador). Ambassador would thus become a wholly-owned subsidiary of Drillsearch. As per the Company, this step has consolidated DLS’ position in the Northern Cooper and will provide further diversification of DLS’ Unconventional Business outside of the Nappamerri Trough and into the Patchawarra Trough adjacent to its existing PEL 101 acreage. Click Here to view the complete report.
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