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1.Market Observations

20 Nov 2013 (AFR) – Drillsearch beats 2013 output, sales by October

(20 Nov 2013, AFR< p19, Angela Macdonald-Smith)

‘Only four months into the new financial year Cooper Basin oil and gas player ­Drillsearch Energy has already overtaken its 2013 production and sales numbers and is on track to beat its 2014 full-year guidance. The numbers, to be released at Drillsearch’s annual shareholder meeting in Sydney on Wednesday, show sales in the first four months of the 2014 financial year were $122.2 million, topping the $102.2 million seen in all of 2012-13, thanks mostly to strong oil output.’

Read more at AFR.com (might need AFR login access)

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