And here is what DLS said:
Drillsearch Energy Limited (ASX: DLS) is pleased to announce that the Bauer-8 appraisal/development well has definitively proven that the Bauer Oil Field extends far further to the north than previously mapped. Bauer- 8 is to be cased and suspended as a future oil producer after encountering net oil pay in both the McKinlay and Namur sandstones. Bauer-8 was drilled by the PEL 91 Joint Venture which consists of Drillsearch 60% and Beach Energy as Operator 40%.
I'm confused!
bauer 8 - major extension of field , page-13
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