Drillsearch Energy Limited (Drillsearch) is an Australia-based oil and gas explorer and producer focused on the Cooper-Eromanga Basin. The Company operates business through three segments: Oil Projects, Wet Gas Projects and Unconventional Projects. Drillsearch is exploring and developing oil projects in the Cooper Basin, targeting numerous, high-return oil exploration projects to drive short-term growth. Wet gas is natural gas that contains significant amounts of liquid hydrocarbons - condensate (a light oil) and LPG. The Company is focusing its exploration activities on two key project areas; the Central Cooper Basin - Nappamerri Trough Shale Gas Fairway, and in the Southern and Western Cooper Basin Unconventional Gas Fairway. The Company holds 18 permits and six tenements with a net permit interest of 15,000 square kilometers. Drillsearch holds at least a 50% interest in 17 of these 24 areas and operates 14 permits.