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EXPLORATION

Drillsearch books $64M in impairments

DRILLSEARCH Energy expects to record non-cash impairments of up to $64 million on a pre-tax basis in its upcoming half-year results.

Andrew Snelling

The anticipated impairments have been drawn from the company's bi-annual assessment of carrying values and, in this instance, relate principally to its interests in the eastern margin/Tintaburra oil assets...

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