Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Oil Search Provides MD's Address Presentation to AGM

10 May 2019  |  10:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2019 Annual Meeting Managing Director's Presentation

Oil Search provided MD's address presentation to AGM. During 2018/19, three new mid-term contracts signed with PetroChina, BP and Unipec, taking total PNG LNG contracted volumes to 7.9 MTPA, 90% of total production. Muruk 2 confirmed gas in pressure communication with Muruk 1, located 12 kms away, indicating reservoir continuity. Alaska acquisition completed Feb 2018; highly experienced team recruited with extensive operating capability. At current oil prices, key financial metrics forecast remain comfortably within corporate facility lender covenants.

Please click here for full details

See more ASX300 News Announcements