OSH 0.56% $7.06 oil search limited

m/d looks sick?, page-4

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    SYDNEY, Dec 18 AAP - Oil Search Ltd today said the focus of the
    Papua New Guinea Gas Project would not change despite AGL Ltd
    revealing it was unlikely to require PNG gas from 2006.
    AGL earlier today informed the PNG Gas Project owners of its
    decision.
    "The AGL decision is disappointing, as it comes at a time when
    the project is making material progress in signing customers and
    delivering all requirements in preparation for a decision to move
    to front end engineering and design very early in 2003," Oil Search
    said.
    "This decision will not change the present focus of the project
    group, in that it will continue to finalise the FEED program and
    budget for a decision at an early date in 2003."
    MORE

 
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