Oil Search Ltd (OSH.AX)
22 Sep 2017
* PNG to extinguish $1 bln loan with sale of Oil Search stake
MELBOURNE, Sept 21 The government of Papua New Guinea (PNG), looking to cut debt, is selling its stake in Oil Search Ltd, three people familiar with the transaction said on Thursday.
* Landowner disputes seen as key hurdle to expansion (Adds CEO comments)
July 31 Miners took the lead on Monday, propelling Australian shares higher as upbeat commodity and metal prices drew investors to materials stocks.
July 31 Australian shares pulled higher on Monday morning as upbeat commodity and metal prices boosted the materials sector.
July 18 Australia's Oil Search Ltd said on Tuesday its second quarter output had slipped from the previous quarter due to maintenance, but production in June at its main asset, the PNG LNG project, had hit a record rate.
* unit entered into arrangements regarding acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from Exxonmobil affiliates Source text for Eikon: Further company coverage: