OSH 1.39% $4.27 oil search limited

News: OSH Oil Search Posts Q4 Total Production Of 7.01 MMBOE

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    Jan 28 (Reuters) - Oil Search Ltd (OSH) :

    • Q4 TOTAL PRODUCTION 7.01 MMBOE VERSUS 6.81 MMBOE IN Q3
    • Q4 TOTAL SALES 7.92 MMBOE VERSUS 6.47 MMBOE IN Q3
    • Q4 TOTAL REVENUE $446.7 MILLION VERSUS $361.1 MILLION IN Q3
    • SEES 2020 TOTAL PRODUCTION 27.5 - 29.5 MMBOE
    • FEED ENTRY FOR PIKKA UNIT DEVELOPMENT ON ALASKA'S NORTH SLOPE IS EXPECTED IN EARLY 2020
    • ENGAGED AN INVESTMENT BANK TO SUPPORT SELL-DOWN PROCESS OF UP TO A 15% INTEREST IN PIKKA PROJECT AND OTHER ALASKAN LEASES
    • PLANS TO SELL UP TO 15% STAKE IN PIKKA PROJECT & OTHER ALASKAN LEASES AHEAD OF FINAL INVESTMENT DECISION IN H2 2020 PROGRESSING WELL
 
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