OSH edited earnings call

[jft310]

Oil Search believes the undeveloped resource base to support expansion will be confirmed around 10 tcf during 2016. We would expect volumes from the low cost high liquid fields to be required to meet the forecast LNG supply shortage in the next decade, as less competitive global projects are deferred or shelved indefinitely. An attractive fiscal regime is in place in PNG and the government's highest priority in the resource industry is supporting project sanction of the next phase of LNG.