Drillsearch – Independent Reserves audit by RISC

Drillsearch Energy Limited (ASX: DLS) today announced that an independent Reserves audit by RISC has confirmed a 22 per cent increase in the Bauer Oil Field’s 2P Reserves. The Bauer Oil Field is held by the PEL 91 Joint Venture which consists of Drillsearch 60% and Beach Energy as Operator 40%.

The latest independent audit review by RISC includes data from the recently drilled Bauer wells 6, 7 and 8 which were not included in the previous 31 July 2012 independent Reserves audit. With these additional appraisal/development wells, the gross 2P Reserves for the Bauer Oil Field have increased to 8.2 mmbbls.

Please click here to download the full release.

Back to previous page
Contact Us

Contact us and one of our team members will get back to you as soon as we can.

Contact Us