At current market capitalisation, Oil Search Debt is Equity is around 40%. (US$914 Million Cash, AUD 11 Assets & 4.2 Billion Debt )
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Oil Search has been granted several new leases around Elk/Antelope Resource. Strategy seems to keep building Resource Inventory around exiting facilities, which is an excellent idea.
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In Long Term it will work in favour of Oil Search as the expansion of PLNG (Both XOM and Total Energy ) enters next phase.
OSH Price at posting:
$7.09 Sentiment: None Disclosure: Held
