Aug 5 (Reuters) - Drillsearch Energy Ltd DLS.AX :
* Changed its accounting policy for exploration and evaluation expenditure to adopt the "successful efforts" methodology.
* Change to successful efforts follows company's transition to material oil and gas producer during past 24 months
* There will be no impact on drillsearch's underlying business activities or on company's cash flow as a result of change in policy"
* As result of change in accounting policy,co's balance sheet as at 30 June 2014 will be amended and restated for comparative purposes
* Source text for Eikon ID:nASX1Nv1Cq
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