PNG-based Oil Search Limited (OSH) jumps to 76 cents, a 6-month high, then eases to 75 cents, still up 3 cents, providing tidy potential profit if shares bought at recent mid-April low of 57 cents. No fresh news today. Investors like OSH assuming operatorship of PNG oil JVs, plus strong recommitment last week by Queensland, PNG government leaders to PNG Gas Project, in which intense sale negotiations continue. Media talk of corporate activity also unlikely to harm sentiment toward OSH
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Held