AUSTRALIA

Drillsearch jumps on added capacity

DRILLSEARCH Energy has rocketed on greater pipeline capacity and the start of production at its wet gas business in the Cooper Basin, with both production and sales boosted by triple figures.

James McGrath

Announcing its fourth quarter results to the market today, Drillsearch said it had chalked up production of 555,911 barrels of oil equivalent for the quarter, a 191% hike. Accordingly, its sales revenue...

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