OSH 0.92% $3.79 oil search limited

News: OSH Oil Search says Q4 total production 7.72 mmboe

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    Jan 24 (Reuters) - Oil Search Ltd (OSH) :

    • Oil Search Ltd says Q4 total sales 7.93 mmboe versus 7.49 mmboe in Q3
    • Q4 total production 7.72 mmboe versus 7.63 mmboe in prior quarter
    • Qtrly total revenue US$345.6 million versus US$309.5 million in prior quarter
    • Oil Search's 2017 full year production is anticipated to be in range of 28.5 - 30.5 mmboe
    • Production costs and depreciation and amortisation charges for 2016 expected to be towards lower end of previously advised guidance ranges
    • Effective tax rate for 2016 full year is expected to be in range of 50 - 55%
    • Other operating costs for 2016 expected to be slightly above US$135 - 155 million guidance range
    • Oil Search's share of break-fee relating to Interoil transaction (US$48 million) will be recognised as other income
    • "While natural decline is expected in 2017, operated production is now anticipated to be well above forecasts made 12 months ago"
 
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