Drillsearch updates market on guidance

Company News

Drillsearch Limited (ASX:DLS) says the company has continued to perform strongly at an operational level, despite uncertainty in global commodity markets.
 
The company says production for the first half of FY2016 was 1.63 million barrels of oil equivalent.
 
Full year production is expected to be at or above the top end of the range of 2.8 to 3.2 million barrels of oil equivalent.
 
Capital expenditure will be at the lower end of FY2016 guidance of $80 million to $110 million.
 
Drillsearch reported a net loss of $8.08 million at 30 June 2015.