Drillsearch Energy Company News

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Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Wednesday, April 27, 2016Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.

Australia's Beach Energy Completes Merger with Drillsearch Energy
Tuesday, March 01, 2016Australia's Beach Energy completes merger with Drillsearch Energy, with the latter now a wholly owned unit of the firm.

Australia's Federal Court Approves Beach Energy-Drillsearch Energy Merger
Thursday, February 18, 2016Australia's Federal Court approves the $277 million all-scrip merger between Drillsearch Energy and Beach Energy.

Drillsearch Likely to Include $46-$53M Non-Cash Impairments for E&E Assets
Wednesday, February 17, 2016Australia's Drillsearch Energy expects to include $46-$53 million non-cash impairments for its oil and gas exploration and evaluation assets in its half year 2016 results.

Beach Energy Completes Udacha-1 Well Stimulation, Flow Test in Cooper Basin
Wednesday, January 27, 2016Beach Energy successfully completes fracture stimulation and flow test of the Udacha-1 well in PRL 26 in South Australia's Coooper Basin.

Drillsearch Shareholders Approve Planned Merger with Beach Energy
Wednesday, January 27, 2016Drillsearch Energy shareholders approve a proposed merger with Beach Energy to create the largest mid-cap oil and gas firm listed on the Australian Securities Exchange.

Drillsearch Expects Full Year CAPEX to be at Lower End of FY2016 Guidance
Thursday, January 21, 2016Australia's Drillsearch Energy reveals that its full year capital expenditure (CAPEX) to be at the lower end of financial year 2016 guidance.

Drillsearch Provides a Drilling Update on its Australian Assets
Wednesday, January 13, 2016Drillsearch Energy updates on drilling operations at its Australian oil and gas assets in December 2015.

Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Wednesday, November 25, 2015Increased merger and acquisition deals involving leading Australian oil and gas companies recently is a result of more than just a decline in oil price, analysts told Rigzone.

Beach Energy Provides Update on Upstream Ops in Australia's Cooper Basin
Wednesday, November 04, 2015Beach Energy provides a monthly update on operations at its upstream oil and gas projects in Australia's Cooper Basin.

Beach Energy Agrees to Buy Drillsearch for $277 Million
Friday, October 23, 2015Beach Energy agrees to pay $277 million in stock to acquire Drillsearch Energy to increase its exposure to energy assets in Australia's Cooper Basin.

Beach Energy Commences Workover of Udacha-1 Well in Cooper Basin
Wednesday, October 21, 2015Beach Energy commences workover of the Udacha-1 well in PRL 26 in the Cooper Basin, South Australia.

Australia's Drillsearch Energy Names Walter Simpson as CEO
Friday, September 18, 2015Australia's Drillsearch Energy names chief operating officer Walter Simpson as CEO.

Australia's Drillsearch Looking Globally for New CEO to Succeed Brad Lingo
Friday, July 03, 2015Australia's Drillsearch Energy is looking globally for a new CEO after Brad Lingo's departure.

Santos Finds Wet Gas at Emery-1 Prospect in PEL 513 in Cooper Basin
Tuesday, May 05, 2015Santos discovers wet gas at the Emery-1 exploration well in PEL 513 on the Western Wet Gas Fairway of the Cooper Basin, Australia.

Santos Finds West Gas at Kyanite-1 Well in PEL 513 in Cooper Basin
Tuesday, March 17, 2015Drillsearch Energy finds wet gas at Kyanite-1 exploration well in PEL 513 in the Cooper Basin, Australia.

Beach Energy Finds Oil at Stanleys-1 Well in PRL 171 in SA's Cooper Basin
Tuesday, March 10, 2015Beach Energy discovers oil at Stanleys-1 exploration well in permit PRL 171 in South Australia's Cooper Basin.

Beach Energy Makes Wet Gas Discovery at Ralgnal-1 Well in SA Cooper Basin
Tuesday, February 10, 2015Beach Energy makes a wet gas discovery at Ralgnal-1 exploration well in permit PRL 130 in South Australian Cooper Basin.

Senex's Latest Drilling in SA's Cooper-Eromanga Basin Fails to Excite
Wednesday, January 14, 2015Senex Energy fails to find commercial quantities of oil in its financial year 2015 drilling program in South Australia's Cooper-Eromanga Basin.

Santos Finds Wet Gas at Yarowinnie South-1 Well in PEL 513 in Cooper Basin
Friday, December 12, 2014Santos makes a wet gas discovery at Yarowinnie South-1 well in PEL 513, Cooper Basin, Australia.

Senex Upbeat on Cooper Basin's Vanessa Gas Field Production Testing Results
Thursday, December 11, 2014Senex Energy reports strong production testing results at Vanessa gas field in the South Australian Cooper Basin.

Magnus Energy to Participate in PEL 101 Drilling Program in South Australia
Friday, November 28, 2014Magnus Energy to participate in Drillsearch's drilling program for petroleum exploration license 101 in South Australia.

Santos Finds Gas at Varanus South-1 Well in PEL 513 in Cooper Basin
Thursday, November 27, 2014Santos makes a new wet gas discovery at Varanus South-1 well in PEL 513 in South Australia's Cooper Basin.

Bauer-19 Well Results May Raise Bauer Oil Field Reserves in Cooper Basin
Tuesday, November 25, 2014Beach Energy reports that results from Bauer-19 development well has potentially increased reserves for the Bauer oil field in South Australia's Cooper Basin.

Drillsearch Energy Names Walter Simpson as Chief Operating Officer
Thursday, November 20, 2014Drillsearch Energy names Walter Simpson as chief operating officer.

Drilling Results of Cooper Basin's Bauer-15 Well Exceeds Expectations
Tuesday, November 11, 2014Beach Energy reports that drilling results of Bauer-15 development well in PPL 253 in South Australia's Cooper Eromanga basin exceed expectation.

Drillsearch Completes Acquisition of Ambassador Oil & Gas
Tuesday, October 28, 2014Drillsearch completes compulsory acquisition of the outstanding shares in Ambassador Oil & Gas.

NSE Divests Part of its Interest in Cooper Basin's Permit PEL 570 to Santos
Thursday, October 23, 2014New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin, South Australia to Santos.

Drillsearch Gains Control of 89.1% Shares in Ambassador Oil & Gas
Monday, September 15, 2014Drillsearch gains control of 89.1 percent of Ambassador Oil & Gas shares and moves closer to compulsory acquisition of the latter's remaining shares.

Drillsearch Energy Ups Stake in Ambassador Oil & Gas to 84.2%
Friday, August 29, 2014Drillsearch Energy raises stake in Ambassador Oil & Gas to 84.2 percent, with two of its nominees appointed directors of the latter.

Drillsearch Raises Stake in Takeover Target Ambassador Oil & Gas to 60.13%
Wednesday, August 27, 2014Drillsearch Energy raised its interest in Ambassador Oil & Gas to 60.13 percent.

Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Thursday, August 14, 2014Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.

Beach Finds Oil at Balgowan-1 Exploration Well in PEL 91 in Cooper Basin
Wednesday, August 13, 2014Beach Energy makes oil discovery at Balgowan-1 exploration well in permit PEL 91 in South Australia's Cooper Basin.

Drillsearch Farms Out 45% Stake in Permit ATP 924P in Cooper Basin
Tuesday, July 29, 2014Drillsearch farms out 45% stake in permit ATP 924P in the south west Queensland section of the Cooper Basin to Beach Energy.

Ambassador Withdraws Recommendation to Accept Drillsearch Acquisition Offer
Thursday, June 19, 2014Ambassador Oil and Gas withdraws recommendation to shareholders to accept a revised offer by Drillsearch to acquire the firm after Magnum Hunter countered with an improved bid.

Magnum Hunter Answers Back With Improved Ambassador Bid
Tuesday, June 17, 2014In an attempt to trump a new takeover offer from Drillsearch Energy, US-based Magnum Hunter has lifted its bid for Australian explorer Ambassador Oil and Gas.

Drillsearch Raises Offer to Acquire Shares in Ambassador Oil and Gas
Monday, June 16, 2014Drillsearch Energy raises offer to purchase all shares in Ambassador Oil and Gas that it does not already own.

Drillsearch Acquires Over 28M Shares in Ambassador Oil & Gas
Thursday, June 12, 2014Drillsearch Energy completes acquisition of more than 28 million shares in Ambassador Oil and Gas, representing 19.9 percent of the total issued share capital of the firm.

Ambassador Receives Second Takeover Bid
Tuesday, June 10, 2014After receiving a takeover offer from Drillsearch Energy in May, Australia's Ambassador Oil and Gas has now become a target for Magnum Hunter Resources.

Beach Energy Updates on Stunsail-1 Oil Reserves in Cooper Basin's PEL 91
Monday, June 02, 2014Beach Energy reveals that 2P gross oil reserves for Stunsail-1 exploration well in permit PEL 91 in South Australia's Cooper Basin is estimated at 1.6 million barrels.

Drillsearch Energy to Takover Ambassador Oil and Gas
Wednesday, May 28, 2014Drillsearch Energy makes a conditional off-market takeover offer for Ambassador Oil and Gas.

Drillsearch Draws Up Conceptual Development Plan for Stunsail-1 in PEL 91
Wednesday, April 02, 2014Drillsearch announces that the Stunsail-1 oil discovery in PEL 91 on the Western Flank Oil Fairway of the Cooper Basin in Australia could be develop using a standalone production facility.

Beach Energy Reports Oil Find at Stunsail-1 Well in PEL 91 in Cooper Basin
Monday, March 31, 2014Beach Energy reports an oil discovery at Stunsail-1 exploration well in PEL 91 in Cooper Basin, Australia.

Drillsearch, QGC Agree New Terms for ATP 940P in Cooper Basin
Monday, March 10, 2014Drillsearch Energy and QGC agree new terms for ATP 940P Cooper Basin Shale and Tight Gas Joint Venture in central Australia.

Drillsearch Raises 2P Reserves at its Cooper Basin Projects to 29.1 MMboe
Thursday, February 20, 2014Drillsearch Energy raises 2P reserves at its projects in the Cooper Basin of Central Australia to 29.1 million barrels of oil equivalent.

DrillSeach Raises FY 2014 Production Guidance to 3-3.5 MMboe
Wednesday, January 29, 2014Drillsearch Energy raises its production guidance for fiscal year ending June 30 to 3-3.5 million barrels of oil equivalent (Mmboe) from 2.3-2.5 MMboe.

Drillsearch Reports Success in Drilling Campaign at PEL 91 in Cooper Basin
Tuesday, January 21, 2014Drillsearch Energy reports success in its new drilling campaign at petroleum exploration permit 91 in Australia's Cooper Basin.

Drillsearch Commences Drilling Program at ATP 940P in Cooper Basin
Friday, September 20, 2013Drillsearch Energy spuds the first well in a four-well shale gas and tight sands drilling program at permit ATP 940P in central Cooper Basin, Australia.

Drillsearch, Santos Seal JV for Western Cooper Wet Gas Commercialization
Wednesday, September 11, 2013Drillsearch Energy and Santos formalize a joint venture to accelerate Western Cooper Wet Gas commercialization and expand Drillsearch's Cooper Basin oil reserves and production in Australia.

Drillsearch Energy Reports Higher 2P Reserves
Monday, August 19, 2013Drillsearch Energy announces an increase of 2P reserves to 28.5 million barrels of oil equivalent (MMboe) and a higher 2C contingent resources of 14.8 MMboe as at June 30.