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ASX Announcement
Hides F1 Drilling Update
6 March 2015
ExxonMobil PNG Limited, operator of the PNG LNG Project, has advised that the Hides F1 (Hides Deep) well has reached a total depth of 4,633 metres. Substantial sand intervals were encountered in the exploration target, the Koi-Iange interval, but formation evaluation information confirms that the sands are water-bearing. The exploration component of the well will now be abandoned and the development section completed as a gas producer for the PNG LNG Project.
PETER BOTTEN, CBE Managing Director
For further information please contact:
Ann Diamant
Group Manager, Investor Relations
Tel: +61 8207 8440
Mob: +61 407 483 128
Oil Search Limited
Incorporated in Papua New Guinea ARBN 055 079 868
Head office Port Moresby Papua New Guinea
Sydney office
1 Bligh Street
Sydney NSW 2000
Australia
Mailing address
GPO Box 2442
Sydney NSW 2001
Australia
Tel: +61 2 8207 8400
Fax: +61 2 8207 8500 www.oilsearch.com
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Oil Search Limited
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CODE : OSH.AX |
ISIN : PG0008579883 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Oil Search is a and oil producing company based in Australia. Oil Search holds various exploration projects in Iraqi, in Papua New Guinea and in Yemen. Its main exploration properties are SHAKAL-1 in Iraqi, WASUMA-1 in Papua New Guinea and AL MEASHAR-1 in Yemen. Oil Search is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 6.2 billions as of today (US$ 4.4 billions, € 3.9 billions). Its stock quote reached its highest recent level on June 20, 2014 at AU$ 9.47, and its lowest recent point on March 20, 2020 at AU$ 2.01. Oil Search has 1 522 689 920 shares outstanding. |