OSH, OIL SEARCH LIMITED

[blacksheep]

In Reply To: blacksheep's post @ Sep 3 2019, 10:57 AM

Updated chart following "the PNG Government’s completion of a comprehensive review of the Papua LNG Gas Agreement"

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[blacksheep]

In Reply To: blacksheep's post @ Aug 15 2019, 04:11 PM

Oil Search understands that the PNG Cabinet (National Executive Council) met yesterday to
conclude the review of the Papua LNG Gas Agreement. It is anticipated that a formal Ministerial
statement on the review will be released later today

https://www.shortman.com.au/stock?q=osh

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[blacksheep]

New PNG Government has sent a State Team to Singapore to renegotiate with Total the terms of the Papua LNG Gas Agreement signed by the previous O'Neill Government - which they claim was disadvantageous to PNG and it's people

Further update on Papua LNG Project
15 August 2019

SYDNEY (ASX: OSH | ADR: OISHY | PNGX: OSH)
Please see attached a press release from the Minister for Petroleum regarding the Papua LNG
Project. This follows the Minister’s release of 5 August 2019.
Peter Botten, Oil Search’s Managing Director said:

“We note the press release by the Minister for Petroleum regarding meetings between the State
Negotiating Team and Total (Operator of the Papua LNG Project) concerning the Papua LNG Gas
Agreement. We look forward to further clarity on the State’s position regarding this Agreement and
ways forward for the Project.”

read more - https://www.asx.com.au/asxpdf/20190815/pdf/...j0dkz70h232.pdf

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[blacksheep]

Papua New Guinea paves way for Exxon, Total LNG expansion
Jonathan Barrett, Sonali Paul
3 MIN READ

PORT MORESBY/MELBOURNE (Reuters) - Papua New Guinea on Friday agreed to set financial terms in early 2019 for a long-awaited gas project led by France’s Total SA that will help double liquefied natural gas (LNG) exports from the Pacific island nation.

https://www.reuters.com/article/us-papua-ln...n-idUSKCN1NL02T

[wolverine]

In Reply To: blacksheep's post @ Aug 21 2018, 02:56 PM

Meanwhile, Alaska will prove up over 1 billion barrels in due course.

[blacksheep]

In Reply To: blacksheep's post @ Jun 19 2018, 03:37 PM

QUAKE IMPACTS OIL SEARCH HY

First-half net profit down 39pc to $US79.2m
Revenue down 18pt to $US557.8m
Unfranked interim dividend of US2¢ a share, down from US4¢

https://thewest.com.au/business/energy/oil-...t-ng-b88934707z
https://www.shortman.com.au/stock?q=osh

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[blacksheep]

In Reply To: balance's post @ Feb 27 2018, 10:52 AM

Armed protesters block access, burn equipment at PNG's biggest resources project
By Papua New Guinea correspondent Eric Tlozek
Posted 22 minutes ago

Project operator ExxonMobil said only that it had received reports of damage to equipment.

"We are investigating reports of vandalism relating to the Angore pipeline construction project," the company said in a statement.

"Host government security forces are in the area and also investigating. Our staff are all safe.

"Production at the Hides Gas Conditioning Plant is continuing normally."

read more - http://www.abc.net.au/news/2018-06-19/lng-...-guinea/9885952

Not sure if this is happening on one of OSH's projects?

Oil Search operates all of PNG’s producing oil fields, holds an extensive appraisal and exploration portfolio and has a 29% interest in the PNG LNG Project, operated by ExxonMobil PNG Limited. We also hold significant interests in a number of major undeveloped gas fields, including the Elk-Antelope fields in PRL 15, operated by Total SA, and in P’nyang in PRL 3, operated by ExxonMobil.

[balance]

In Reply To: abner29's post @ Feb 27 2018, 12:33 AM

Just this from them on the asx:

Oil Search reports that at 03.44 (PNG local time) on 26 February 2018, a magnitude 7.5 earthquake struck in the PNG Highlands.
There have also been a series of aftershocks.Oil Search’s primary concern is the safety of our employees and contractors.

The Company is presently confirming that all personnel have been accounted for. No injuries have been reported so far.
As a precautionary measure and in order to assess any damage to facilities,Oil Search’s production operations in the PNG Highlands are in the process of being shut down. ExxonMobil PNG Ltd has confirmed that the PNG LNG facility at Hides has also been safely shut down.
We are also monitoring the impact on people in our local communities and will assist the relevant authorities,where possible.
We will keep the market advised of any material updates.

[abner29]

Is there any report of OSH facilities and personell re earthquake effects?

[wolverine]

In Reply To: wolverine's post @ Jan 7 2018, 04:46 PM

Not only have I never stepped out 21 miles and extended the field but I've never read about somebody that stepped out 21 miles.

You're going to see some numbers here, I'm probably talking off script, Keiran, are you okay with this? I don't know, okay. You're going to see some really lame numbers from these guys today because they're confined by the SEC and their dweeb engineers and other stuff, that doesn't give them the credit of what you deserve. But you guys can do the math, you can pull your calculator out and you can see 40 miles long by two and a half miles wide with about 120 feet of average pay at 640 acres per section. Multiply that by about a 325 barrels per acre foot and you can see that's about a three billion barrel field. You're going to hear some numbers today that are substantially less than that so I probably shouldn't have said all that but that's the truth.So when Oil Search is going to be talking about half a billion barrels or something, they're talking about where we just actually have just dead solid, look over your fence and they don't give you credit beyond the fence but your well's right there and your well's right there and the well's right there. But we can tell from our seismic and our step outs that this thing goes a big long way.