News: Oil Search Ltd (OSH.AX)

OSH.AX on Australia Stock Exchange

7.90AUD
24 Dec 2014
Price Change (% chg)

$0.02 (+0.25%)
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Wed, Oct 22 2014

Oil Search to pay out up to 50 pct of core profit in dividends

MELBOURNE, Oct 23 - Oil Search Ltd said it would start paying out up to 50 percent of its core net profit in dividends, as liquefied natural gas exports from Papua New Guinea are set to quadruple the company's output next year.

UPDATE 1-Oil Search half-year profit tops forecasts as PNG LNG flows

* Shares slip 0.6 pct, but up 17 pct this year (Adds comment on strategic review, Iraq)

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