02-25-2014, 09:12 AM
"Feb 25 (Reuters) - Papua New Guinea oil and gas producer Oil Search is working on a significant acquisition, it said on Tuesday, seeking a two-day trading halt on its shares.
Oil Search, with a market value of A$11.5 billion ($10.4 billion), had been due to release its full-year results on Tuesday, but a spokeswoman said that would be delayed, probably until later this week.
"As soon as we have something finalised, we'll release our results and information about the transaction," Oil Search's Investor Relations Manager Ann Diamant said."
Oil Search, with a market value of A$11.5 billion ($10.4 billion), had been due to release its full-year results on Tuesday, but a spokeswoman said that would be delayed, probably until later this week.
"As soon as we have something finalised, we'll release our results and information about the transaction," Oil Search's Investor Relations Manager Ann Diamant said."