Drillsearch set for growth

MD notes long-term gas sale arrangements, exploration and drilling projects.

Drillsearch Energy (DLS) is confident its pipeline of conventional exploration and drilling projects will translate into growth in production and cash flow in the year ahead.

Addressing shareholders at the company's annual general meeting, managing director Brad Lingo said the group had long-term gas sale arrangements in place and proven access to infrastructure.

He also noted the group's unconventional exploration and appraisal program, which has LNG export market exposure.

Projected work programs are fully funded from internal cash flow through to 2016, he said.