Interesting developments over at Drillsearch (DLS) that the Horizon Board should pay attention to.
Drillsearch CEO is outed because new growth phase demands new leadership
The Board felt that Drillsearch would benefit from the introduction of fresh ideas and a different expertise set to guide the company for the next growth phase.
Next Growth Phase
Drillsearch’s Cooper Basin operations provide a strong platform to consider new opportunities. Whilst Drillsearch will continue to grow its Cooper Basin business, both organically and through value- accretive acquisitions, the company will also look further afield in order to deliver the next phase of growth.
Mr McKerlie said: “We are reviewing our strategy of a singular focus on the Cooper Basin. Our Cooper Basin business is well developed, and we will continue to work hard at this. However we must actively look to the future and make sure we continue to deliver growth to our shareholders.
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