UBS Roadshow for Oil Search

[Gator]

UBS is doing a roadshow for Oil Search.  The PDF slide show is too big to post but this is what they are saying about IOC.

Proposed sale of PRL 15

InterOil (IOC) seeking to bring

experienced LNG operator into

PRL15, which contains Elk and

Antelope gas fields, located in PNG

Gulf Province

Sale process ongoing

OSH watching with interest and

engaged with key players on

potential development options

[jft310]

They need cash and IOC s NG

[Stavros]

"Engaged with key players on potential development options ..."

Translation: We're gonna build a second LNG plant in Gulf Province with our partner TOTAL and IOC. TOTAL wants to be a player in PNG and we're gonna show them how.