05-19-2017, 01:14 PM
Oil Search has ample capacity to fund all committed expenditures, scheduled debt repayments and dividends even if oil and gas prices remain constrained in the short-term, he said at the company's annual general meeting in Port Moresby.
The oil and gas producer swung to a net profit of $US89.8 million in 2016, helped by a lift in sales, lower costs and gains from a break fee it received from ExxonMobil after losing a bidding war over InterOil.
The oil and gas producer swung to a net profit of $US89.8 million in 2016, helped by a lift in sales, lower costs and gains from a break fee it received from ExxonMobil after losing a bidding war over InterOil.
