Drillsearch tips mild write-down

DRILLSEARCH Energy has revealed the quantum of its expected half-year impairment, expecting to take a hit of $65-75 million on a pre-tax basis, primarily in its longer term oil and gas exploration and appraisal assets.

17 February 2016
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The anticipated impairments are accounting adjustments relating to historical book values in the context of the collapse in the oil price since last June and weakening market sentiment.

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