Circumpacific Energy Corporation

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that today it received CDN $5,853,886.20 (AUD $5,871,500.70) sale proceeds in full and final settlement for the sale via a Plan of Arrangement of it's 79.37% stake in TSX.V listed Circumpacific Energy Corporation (CVE:CER) from Western Petroleum Commodities Inc (WPC).

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that the Supreme Court of British Columbia has issued a final order approving the previously announced Plan of Arrangement pursuant to which Western Petroleum Commodities Inc., will acquire all of the issued and outstanding common shares of Circumpacific for cash consideration of A$0.18 per share.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that at a meeting of the shareholders of Circumpacific Energy Corporation (CVE:CER) held in Vancouver today, the shareholders of CER, the listed Canadian oil & gas subsidiary of DLS, voted 98.6% in favour of a Plan of Arrangement pursuant to which Western Petroleum Commodities Inc., a private Canadian oil & gas company, will acquire all of the issued and outstanding common shares of CER.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) announces today that Circumpacific Energy Corporation (CVE:CER) has entered into an arrangement agreement to be acquired by Western Petroleum Commodities Inc.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that Circumpacific Energy Corporation (CVE:CER), the listed Canadian oil & gas subsidiary of DLS has entered into a definitive Plan of Arrangement Agreement to be acquired by Western Petroleum Commodities, Inc. ("WPC"), a private Canadian oil & gas company.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce its quarterly report for the period ended 30 June 2010.