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Oil Search Ltd (OSH.AX)

OSH.AX on Australia Stock Exchange

6.63AUD
23 Aug 2019
Change (% chg)

$0.05 (+0.76%)
Prev Close
$6.58
Open
$6.59
Day's High
$6.65
Day's Low
$6.57
Volume
4,095,837
Avg. Vol
4,424,106
52-wk High
$9.23
52-wk Low
$6.30

Latest Key Developments (Source: Significant Developments)

Oil Search Says HY Net Profit After Tax $161.9 Mln
Monday, 19 Aug 2019 08:54pm EDT 

Aug 20 (Reuters) - Oil Search Ltd ::HY NET PROFIT AFTER TAX $161.9 MLN VS $79.2 MLN .ANNOUNCES INTERIM DIVIDEND OF 5 US CENTS PER SHARE .HY OPERATING CASH FLOW $418.5 MLN VS $243.5 MLN .DISCUSSIONS BETWEEN PNG GOVERNMENT AND TOTAL CONTINUE AND JV IS SEEKING RESOLUTION BY AUG-END.PAPUA LNG PROJECT JV SAYS LEGALLY BINDING AGREEMENT IS FAIR AND BALANCED.  Full Article

Oil Search Exercises Option To ‍Double Stakes In Pikka Unit & Horseshoe Block​
Thursday, 27 Jun 2019 07:13pm EDT 

June 28 (Reuters) - Oil Search Ltd ::ELECTED TO EXERCISE ARMSTRONG / GMT OPTION FOR US$450 MILLION.COMPANY INTENDS TO UNDERTAKE A FORMAL DIVESTMENT PROCESS FOR SALE OF PART OF ITS ALASKAN PORTFOLIO.CO & REPSOL ENTER ARRANGEMENTS TO ALIGN INTERESTS ACROSS ALASKAN ASSETS; WILL RESULT IN CO OWNING 51% IN PIKKA UNIT & HORSESHOE BLOCK.ALIGNMENT WILL RESULT IN A NET PAYMENT OF US$64.3 MILLION FROM REPSOL TO OIL SEARCH.OIL SEARCH AND REPSOL HAVE ENTERED INTO ARRANGEMENTS TO ALIGN OWNERSHIP INTERESTS ACROSS THEIR SHARED ALASKAN ASSETS.EXPECTS TO ANNOUNCE A RESOURCE UPGRADE ABOVE CURRENT 500 MILLION BARRELS (GROSS) 2C ESTIMATE FROM PIKKA NANUSHUK & ADJACENT RESOURCES.CO AND REPSOL'S DEVELOPMENT PLAN FOR PIKKA UNIT NANUSHUK DEVELOPMENT TARGETING FIRST PRODUCTION IN 2022 THROUGH 30,000 BOPD.EXERCISES OPTION TO BUY ARMSTRONG ENERGY & GMT EXPLORATION'S 25.5% & 37.5% STAKES, RESPECTIVELY, IN PIKKA UNIT & HORSESHOE AREA.EXERCISES OPTION TO ACQUIRE A FURTHER 37.5% INTEREST IN HUE SHALE LEASES AND A 25.5% INTEREST IN OTHER EXPLORATION AREAS.INTENDS TO RETAIN ABOUT 35% INTEREST IN ITS CORE ASSETS.  Full Article

Oil Search Says PRL 3 JV Participants Sign Binding Letter Of Intent With Santos
Wednesday, 15 May 2019 07:30pm EDT 

May 16 (Reuters) - Oil Search Ltd ::SANTOS WILL PURCHASE OIL SEARCH'S 1.65% EQUITY INTEREST IN PRL 3 FOR US$21.6 MILLION.PRL 3 JOINT VENTURE PARTICIPANTS SIGNED A BINDING LETTER OF INTENT WITH SANTOS LIMITED.  Full Article

Santos Signs Binding Letter Of Intent To Buy 14.3% Interest In Petroleum Retention Licence 3
Wednesday, 15 May 2019 07:30pm EDT 

May 16 (Reuters) - Santos Ltd ::SIGNED A BINDING LETTER OF INTENT TO ACQUIRE A 14.3% INTEREST IN PETROLEUM RETENTION LICENCE 3.SANTOS TO PAY US$187 MILLION IN TOTAL UNDER DEAL.  Full Article

Oil Search Posts Q1 Total Production Of 7.25 MMBOE
Monday, 15 Apr 2019 07:48pm EDT 

April 16 (Reuters) - Oil Search Ltd ::Q1 TOTAL PRODUCTION 7.25 MMBOE VERSUS 4.84 MMBOE.Q1 TOTAL SALES 6.65 MMBOE VERSUS 5.12 MMBOE.QTRLY TOTAL OPERATING REVENUE $398.1 MILLION VERSUS $295 MILLION.P'NYANG GAS AGREEMENT SIGNING TARGETED IN Q2 OF 2019.SAYS Q1 REVENUE FELL VERSUS Q4 REVENUE PRIMARILY DUE TO TIMING OF LNG SHIPMENTS & WEAKER GLOBAL ENERGY PRICES.  Full Article

Oil major Total says Papua New Guinea deal to boost company's LNG portfolio
Tuesday, 9 Apr 2019 02:06am EDT 

April 9 (Reuters) - Total /Papua New Guinea deal::* The Papua LNG project of 5.4 million tons per annum (Mtpa) capacity will consist of two LNG trains of 2.7 Mtpa capacity each and will unlock over 1 billion barrels of oil equivalent of natural gas resources..* The gas production will be operated by Total and the LNG plant will be developed in synergy with ExxonMobil-operated PNG LNG project through an expansion of the existing plant in Caution Bay..* "We are very pleased with the progress of this competitive LNG project that benefits from the brownfield synergies with existing liquefaction facilities and the proximity to Asian markets. It will further strengthen our position in the Pacific basin and ensure our future LNG portfolio growth," said Total chairman and chief executive Patrick Pouyanne..  Full Article

Santos Says PNG LNG Signs Mid-Term Sales Agreement With Unipec, Unit Of Sinopec
Monday, 1 Apr 2019 07:19pm EDT 

April 2 (Reuters) - Santos Ltd ::PNG LNG SIGNS MID-TERM SALES AGREEMENT WITH UNIPEC.MID-TERM SPA WITH UNIPEC IS FOR SUPPLY OF ABOUT 0.45 MILLION TONNES OF LIQUEFIED NATURAL GAS (LNG) PER ANNUM (MTPA) OVER A FOUR-YEAR PERIOD.SPA TAKES TOTAL CONTRACTED VOLUMES FROM PROJECT TO 7.9 MTPA.  Full Article

Oil Search Says FY Net Profit After Tax US$341.2 Mln
Monday, 18 Feb 2019 06:07pm EST 

Feb 19 (Reuters) - Oil Search Ltd ::FY NET PROFIT AFTER TAX US$ 341.2 MILLION VERSUS US$302.1 MILLION.FY TOTAL REVENUE US$1,535.8 MILLION VERSUS US$1,446 MILLION.2018 TOTAL DIVIDEND 10.5 U.S. CENTS PER SHARE.FINAL DIVIDEND 8.5 U.S. CENTS PER SHARE.IN 2019, PRODUCTION COSTS ON A PER BARREL BASIS EXPECTED TO BE 15-20% LOWER THAN IN 2018, AT BETWEEN US$9-10/BOE.IN 2019, UNIT AMORTISATION COSTS ARE EXPECTED TO BE SIMILAR TO 2018.2019 CAPITAL COSTS FORECAST TO INCREASE FROM 2018, AS CO ENTERS FEED PHASE OF LNG DEVELOPMENTS IN PNG, PIKKA OIL FIELD DEVELOPMENT."ANTICIPATE GENERATING OPERATING CASH FLOWS OF APPROXIMATELY US$1 BILLION ANNUALLY".SEES OTHER OPERATING COSTS TO BE LITTLE HIGHER THAN 2018, DUE TO RISE IN ROYALTIES & LEVIES FROM HIGHER SALES REVENUE & GAS PURCHASE COSTS.  Full Article

Oil Search Says Pikka B Well In Alaska Encountered Hydrocarbons
Wednesday, 16 Jan 2019 05:30pm EST 

Jan 17 (Reuters) - Oil Search Ltd ::PIKKA B WELL IN ALASKA ENCOUNTERS HYDROCARBONS IN NANUSHUK FORMATION.WELL COMMENCED DRILLING ON 31 DECEMBER 2018 (AKST) AND REACHED A DEPTH OF 1,201 METRES ON 10 JAN.FORWARD PLAN IS TO ACQUIRE AN ADDITIONAL 101 METRES OF CORE PRIOR TO SIDETRACK ING WELL AT END OF JANUARY.  Full Article

Oil Search Expects Total Share Of Development Costs For 2019-2023 To Be $4.5 Billion
Monday, 19 Nov 2018 12:35am EST 

Nov 19 (Reuters) - Oil Search Ltd ::AT PNG LNG PROJECT, NO SIGNIFICANT DOWNTIME SCHEDULED FOR PLANT MAINTENANCE IN 2H18.RESTART OF NORTHERN MORAN EXPECTED IN 2Q19.OSH TOTAL SHARE OF DEVELOPMENT COSTS FOR 2019-2023 EXPECTED TO BE US$4.5 BILLION.  Full Article

Oil Search on tenterhooks over Total's Papua New Guinea gas deal

MELBOURNE Oil Search warned on Tuesday that costs for a $13 billion plan to double gas exports from Papua New Guinea could rise if talks on a gas agreement between the government and Total SA drag on beyond next week.