OSH 0.92% $3.79 oil search limited

News: OSH Oil search records total production of 7.63 mmboe in the third quarter

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    Oct 18 (Reuters) - Oil Search Ltd (OSH)

    • Q3 total revenue US$ 309.5 million versus US$267.7 million in Q2
    • Q3 total production 7.63 mmboe versus 7.17 mmboe in Q2
    • Q3 total sales 7.49 mmboe versus 7.20 mmboe in Q2
    • FY capital cost guidance is approximately 12% lower than previously indicated
    • Production and operating cost guidance for full year remains unchanged, with production currently trending towards upper end of range
    • During quarter, US$56.2 million was spent on investment activities
    • Cash flow break-even in 2016 is expected to be less than us$18 per barrel of oil equivalent (boe) and less than us$28 per boe
 
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