Drillsearch posts record sales, production

Producer's new oil pipeline in Cooper Basin drives growth.

Oil and gas producer Drillsearch has forecast more growth this year after generating a record $99 million in revenue in fiscal 2013 on the back of its new operating oil pipeline in the Cooper Basin.

The newly installed Bauer to Lycium oil pipeline in the Cooper Basin's western flank was producing 10,000 barrels of oil a day by the end of the fiscal year, the company said in a statement.

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