Drillsearch Energy Company News

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Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.
8:00 PM EST | April 26, 2016
Australia's Beach Energy Completes Merger with Drillsearch Energy
Australia's Beach Energy completes merger with Drillsearch Energy, with the latter now a wholly owned unit of the firm.
7:00 PM EST | February 29, 2016
Australia's Federal Court Approves Beach Energy-Drillsearch Energy Merger
Australia's Federal Court approves the $277 million all-scrip merger between Drillsearch Energy and Beach Energy.
7:00 PM EST | February 17, 2016
Drillsearch Likely to Include $46-$53M Non-Cash Impairments for E&E Assets
Australia'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.
7:00 PM EST | February 16, 2016
Beach Energy Completes Udacha-1 Well Stimulation, Flow Test in Cooper Basin
Beach Energy successfully completes fracture stimulation and flow test of the Udacha-1 well in PRL 26 in South Australia's Coooper Basin.
7:00 PM EST | January 26, 2016
Drillsearch Shareholders Approve Planned Merger with Beach Energy
Drillsearch 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.
7:00 PM EST | January 26, 2016
Drillsearch Expects Full Year CAPEX to be at Lower End of FY2016 Guidance
Australia's Drillsearch Energy reveals that its full year capital expenditure (CAPEX) to be at the lower end of financial year 2016 guidance.
7:00 PM EST | January 20, 2016
Drillsearch Provides a Drilling Update on its Australian Assets
Drillsearch Energy updates on drilling operations at its Australian oil and gas assets in December 2015.
7:00 PM EST | January 12, 2016
Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Increased 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.
7:00 PM EST | November 24, 2015
Beach Energy Provides Update on Upstream Ops in Australia's Cooper Basin
Beach Energy provides a monthly update on operations at its upstream oil and gas projects in Australia's Cooper Basin.
7:00 PM EST | November 03, 2015
Beach Energy Agrees to Buy Drillsearch for $277 Million
Beach Energy agrees to pay $277 million in stock to acquire Drillsearch Energy to increase its exposure to energy assets in Australia's Cooper Basin.
8:00 PM EST | October 22, 2015
Beach Energy Commences Workover of Udacha-1 Well in Cooper Basin
Beach Energy commences workover of the Udacha-1 well in PRL 26 in the Cooper Basin, South Australia.
8:00 PM EST | October 20, 2015
Australia's Drillsearch Energy Names Walter Simpson as CEO
Australia's Drillsearch Energy names chief operating officer Walter Simpson as CEO.
8:00 PM EST | September 17, 2015
Australia's Drillsearch Looking Globally for New CEO to Succeed Brad Lingo
Australia's Drillsearch Energy is looking globally for a new CEO after Brad Lingo's departure.
8:00 PM EST | July 02, 2015
Santos Finds Wet Gas at Emery-1 Prospect in PEL 513 in Cooper Basin
Santos discovers wet gas at the Emery-1 exploration well in PEL 513 on the Western Wet Gas Fairway of the Cooper Basin, Australia.
8:00 PM EST | May 04, 2015
Santos Finds West Gas at Kyanite-1 Well in PEL 513 in Cooper Basin
Drillsearch Energy finds wet gas at Kyanite-1 exploration well in PEL 513 in the Cooper Basin, Australia.
8:00 PM EST | March 16, 2015
Beach Energy Finds Oil at Stanleys-1 Well in PRL 171 in SA's Cooper Basin
Beach Energy discovers oil at Stanleys-1 exploration well in permit PRL 171 in South Australia's Cooper Basin.
8:00 PM EST | March 09, 2015
Beach Energy Makes Wet Gas Discovery at Ralgnal-1 Well in SA Cooper Basin
Beach Energy makes a wet gas discovery at Ralgnal-1 exploration well in permit PRL 130 in South Australian Cooper Basin.
7:00 PM EST | February 09, 2015
Senex's Latest Drilling in SA's Cooper-Eromanga Basin Fails to Excite
Senex Energy fails to find commercial quantities of oil in its financial year 2015 drilling program in South Australia's Cooper-Eromanga Basin.
7:00 PM EST | January 13, 2015
Santos Finds Wet Gas at Yarowinnie South-1 Well in PEL 513 in Cooper Basin
Santos makes a wet gas discovery at Yarowinnie South-1 well in PEL 513, Cooper Basin, Australia.
7:00 PM EST | December 11, 2014
Senex Upbeat on Cooper Basin's Vanessa Gas Field Production Testing Results
Senex Energy reports strong production testing results at Vanessa gas field in the South Australian Cooper Basin.
7:00 PM EST | December 10, 2014
Magnus Energy to Participate in PEL 101 Drilling Program in South Australia
Magnus Energy to participate in Drillsearch's drilling program for petroleum exploration license 101 in South Australia.
7:00 PM EST | November 27, 2014
Santos Finds Gas at Varanus South-1 Well in PEL 513 in Cooper Basin
Santos makes a new wet gas discovery at Varanus South-1 well in PEL 513 in South Australia's Cooper Basin.
7:00 PM EST | November 26, 2014
Bauer-19 Well Results May Raise Bauer Oil Field Reserves in Cooper Basin
Beach Energy reports that results from Bauer-19 development well has potentially increased reserves for the Bauer oil field in South Australia's Cooper Basin.
7:00 PM EST | November 24, 2014
Drillsearch Energy Names Walter Simpson as Chief Operating Officer
Drillsearch Energy names Walter Simpson as chief operating officer.
7:00 PM EST | November 19, 2014
Drilling Results of Cooper Basin's Bauer-15 Well Exceeds Expectations
Beach Energy reports that drilling results of Bauer-15 development well in PPL 253 in South Australia's Cooper Eromanga basin exceed expectation.
7:00 PM EST | November 10, 2014
Drillsearch Completes Acquisition of Ambassador Oil & Gas
Drillsearch completes compulsory acquisition of the outstanding shares in Ambassador Oil & Gas.
8:00 PM EST | October 27, 2014
NSE Divests Part of its Interest in Cooper Basin's Permit PEL 570 to Santos
New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin, South Australia to Santos.
8:00 PM EST | October 22, 2014
Drillsearch Gains Control of 89.1% Shares in Ambassador Oil & Gas
Drillsearch gains control of 89.1 percent of Ambassador Oil & Gas shares and moves closer to compulsory acquisition of the latter's remaining shares.
8:00 PM EST | September 14, 2014
Drillsearch Energy Ups Stake in Ambassador Oil & Gas to 84.2%
Drillsearch Energy raises stake in Ambassador Oil & Gas to 84.2 percent, with two of its nominees appointed directors of the latter.
8:00 PM EST | August 28, 2014
Drillsearch Raises Stake in Takeover Target Ambassador Oil & Gas to 60.13%
Drillsearch Energy raised its interest in Ambassador Oil & Gas to 60.13 percent.
8:00 PM EST | August 26, 2014
Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.
8:00 PM EST | August 13, 2014
Beach Finds Oil at Balgowan-1 Exploration Well in PEL 91 in Cooper Basin
Beach Energy makes oil discovery at Balgowan-1 exploration well in permit PEL 91 in South Australia's Cooper Basin.
8:00 PM EST | August 12, 2014
Drillsearch Farms Out 45% Stake in Permit ATP 924P in Cooper Basin
Drillsearch farms out 45% stake in permit ATP 924P in the south west Queensland section of the Cooper Basin to Beach Energy.
8:00 PM EST | July 28, 2014
Ambassador Withdraws Recommendation to Accept Drillsearch Acquisition Offer
Ambassador 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.
8:00 PM EST | June 18, 2014
Magnum Hunter Answers Back With Improved Ambassador Bid
In 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.
8:00 PM EST | June 16, 2014
Drillsearch Raises Offer to Acquire Shares in Ambassador Oil and Gas
Drillsearch Energy raises offer to purchase all shares in Ambassador Oil and Gas that it does not already own.
8:00 PM EST | June 15, 2014
Drillsearch Acquires Over 28M Shares in Ambassador Oil & Gas
Drillsearch 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.
8:00 PM EST | June 11, 2014
Ambassador Receives Second Takeover Bid
After receiving a takeover offer from Drillsearch Energy in May, Australia's Ambassador Oil and Gas has now become a target for Magnum Hunter Resources.
8:00 PM EST | June 09, 2014
Beach Energy Updates on Stunsail-1 Oil Reserves in Cooper Basin's PEL 91
Beach 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.
8:00 PM EST | June 01, 2014
Drillsearch Energy to Takover Ambassador Oil and Gas
Drillsearch Energy makes a conditional off-market takeover offer for Ambassador Oil and Gas.
8:00 PM EST | May 27, 2014
Drillsearch Draws Up Conceptual Development Plan for Stunsail-1 in PEL 91
Drillsearch 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.
8:00 PM EST | April 01, 2014
Beach Energy Reports Oil Find at Stunsail-1 Well in PEL 91 in Cooper Basin
Beach Energy reports an oil discovery at Stunsail-1 exploration well in PEL 91 in Cooper Basin, Australia.
8:00 PM EST | March 30, 2014
Drillsearch, QGC Agree New Terms for ATP 940P in Cooper Basin
Drillsearch Energy and QGC agree new terms for ATP 940P Cooper Basin Shale and Tight Gas Joint Venture in central Australia.
8:00 PM EST | March 09, 2014
Drillsearch Raises 2P Reserves at its Cooper Basin Projects to 29.1 MMboe
Drillsearch Energy raises 2P reserves at its projects in the Cooper Basin of Central Australia to 29.1 million barrels of oil equivalent.
7:00 PM EST | February 19, 2014
DrillSeach Raises FY 2014 Production Guidance to 3-3.5 MMboe
Drillsearch 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.
7:00 PM EST | January 28, 2014
Drillsearch Reports Success in Drilling Campaign at PEL 91 in Cooper Basin
Drillsearch Energy reports success in its new drilling campaign at petroleum exploration permit 91 in Australia's Cooper Basin.
7:00 PM EST | January 20, 2014
Drillsearch Commences Drilling Program at ATP 940P in Cooper Basin
Drillsearch 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.
8:00 PM EST | September 19, 2013
Drillsearch, Santos Seal JV for Western Cooper Wet Gas Commercialization
Drillsearch 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.
8:00 PM EST | September 10, 2013
Drillsearch Energy Reports Higher 2P Reserves
Drillsearch 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.
8:00 PM EST | August 18, 2013