Drillsearch lifts FY guidance

Shares lift 10% as group says it may triple previous year's production.

Drillsearch Energy (DLS) says it is on track to triple its full-year production after lifting its guidance significantly on the strong performance of its PEL 91 permit in the Cooper Basin.

Investors reacted well to the news. At 1020 AEDT, Drillsearch shares were 9.79% higher at $1.57, against a benchmark index lift of 0.6%. In earlier trade, Drillsearch pushed as high as $1.635.

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