Drillsearch buys into Bonaparte

DRILLSEARCH Energy Limited has completed the purchase from OMV Australia Pty Limited of the Turtle and Barnett oil appraisal project located 220km southwest of Darwin in the offshore Bonaparte Gulf.

The project, comprising two adjacent areas straddling the West Australian and Northern Territory borders, is held under retention (R) leases.

Drillsearch will be operator and holds the following interests 94.5% in WA13R (Turtle) and 95% in NT/RL3 (Barnett).

"Turtle/Barnett is a major oil appraisal drilling opportunity for Drillsearch," the company said.

"The forward program is to complete a small 2D or 3D seismic survey around July and appraisal drilling in late 2005 subject to rig availability."

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