Australian Stock Report - Share Tips
ASX Energy Stocks News: Oil Search (OSH)
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Publish date: Thu, 01 Dec 2011, 04:09 PM
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Oil Search (ASX:OSH) is an oil and gas exploration and development company that has been operating in Papua New Guinea (PNG) since 1929 and is listed on the S&P/ASX 200.
OSH now explores, develops and produces oil and gas in Papua New Guinea and Australia, not to mention Yemen, Libya, Iraq and Tunisia.
Oil Search said the large gas export venture in Papua New Guinea with Exxon Mobil has had a budget increase of US$700 million.
The company announced today that the increase was due to the impact of the high Australian dollar.
Oil Search said that it has ample liquidity to increase its equity contribution to the project.
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ASX Energy Stocks News: Oil Search (OSH) is a post from: Australian Stock Report Share Tips
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