Drillsearch Elects New Chief Technical Officer

Drillsearch has appointed David Evans as the company's new Chief Technical Officer. David will oversee and manage all of the technical aspects of the company's exploration, development and production activities. David will start his role in early March 2010.

David has 25 years of upstream oil & gas exploration experience including over 15 years experience in Australia. David joins Drillsearch from his position as Exploration Manager at Vegas Oil & Gas, a privately owned oil & gas company. Prior to this, David has held senior oil & gas exploration positions with several leading international independent oil and gas companies and technical service companies including Burren Energy, Petro-Canada International, Cairn Energy/Command Petroleum, Roxar Limited and Baker Hughes Inteq. David also spent several years in the petroleum exploration arm of the Australian Geological Survey Organization.

David holds a Master of Science, Applied Science, Geology from the University of Canberra, a Post Graduate Diploma, Petroleum Exploration Geology from Oxford Brookes University and a Bachelor of Science (Honours) Geology from the University of London.

Managing Director Brad Lingo stated, "David is a great addition to the Drillsearch team. He has signficant experience in the Cooper Basin and brings a wealth of oil & gas exploration and field development experience that will enable us to effectively explore and develop our portfolio. David's experience in Egypt's Southern Western Desert is directly applicable, both operationally and technically, to what we are developing in the Cooper Basin and we look to build on this experience to unlock the full potential of our extensive holdings."