re: mulberry 12 success Re: Tintaburra - Weekly Drilling Update...

re: mulberry 12 success Re: Tintaburra - Weekly Drilling Update – 23 May, 2006
Drillsearch Energy Limited is pleased to announce the completion of Mulberry 12 as
a new oil well.
For updated well location see Maps 1 to 4 (ASX Announcement 16 May, 2006).
Mulberry 12 was drilled at the Mulberry Field about 950 meters northwest of Mulberry
2. It encountered good oil shows with approximately 3-4 metres of net oil pay in the
mid Birkhead reservoir unit and has been cased as a future oil production well.
Rig PDI -735 was then released to the Huckleberry 1 near field exploration (NFE)
well location. Huckleberry 1 is located approximately 2 kilometres west of Mulberry
2, and spudded on 21 May 2006.
Rig PDI-724 continued drilling operations at the Endeavour field. Endeavour 11
spudded on 19 May 2006.
Weekly Drilling Update is set out below, as at 0600 hrs Monday 22 May, 2006.