OSH posts guidance $4.16

Oil Search -3.26%: Quarterly report today to round out the full year saw production fall into the end of the year, though revenue was high as LNG prices rebounded, jumping 44% to $US35/boe. Producing 7 mboe in the quarter was a 7% decline on the prior, which took the full year production up to 29 mboe which was largely in line with expectations. Guidance for the year ahead was light on with scheduled maintenance shutdowns in PNG contributing to higher cost guidance of $10.5-11.5/boe. The market is looking ahead to the Alaskan development which is expected to see the final investment decision made by the end of the year. We prefer others.

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Oil Search (OSH)

LAST UPDATED 02/02/2021 10:04

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Oil Search (OSH)

LAST UPDATED 02/02/2021 10:04