Strategic Direction
ASX code: DLS
Drillsearch will grow by increasing reserves and production at a rate of 10-15% annually, using commercial and technical skills to continue creating value in the hydrocarbon business. At the same time undertaking operations offering shareholders potential major upside with exposure to offshore Australian exploration plays.
This will be achieved by:
- Concentrating on core areas in low sovereign risk countries.
- Adding value by corporate and asset acquisitions, that will provide incremental exploration and development opportunities.
- Emphasising the acquisition of proven reserves where enhanced recovery techniques and low overheads will extend production and reserves life.
- Maintaining low overheads.
