Drillsearch Energy Releases Weekly Drilling Update

Drillsearch Energy Releases Weekly Drilling Update

Drillsearch Energy has released its SW QLD weekly drilling update for 27 June 2007. The company advised that two rigs are continuing operations on the JV Blocks. Talgeberry 19, an oil delineation well, spudded on 17 June 2007. Oil shows were encountered while drilling, and a DST over the Adori Formation reservoir interval recovered oil. Current operations are running the 5 1/2″ production casing. The well will be cased and suspended as an oil production well. Rig PDI-721 spudded Naccowlah South 16, an oil appraisal well, on 15 June 2007. Oil pay was encountered in the primary Hutton objective. The well has been cased and suspended as a future oil production well. Current operations are rigging down.

Original Announcement: Weekly Drilling Update

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