By Ross Kelly
SYDNEY--Oil Search Ltd. (OSH.AU) on Tuesday reported a 2.7% fall
in second-quarter revenue due to lower oil prices and said it
expects to conclude a sell-down process for some exploration
acreage in natural gas-rich Papua New Guinea soon.
Revenue for the three months to June 30 fell to US$211.3
million, down from US$217.8 million on year and beating a UBS
forecast of US$171.1 million.
Quarterly production edged up to 1.80 million barrels of oil
equivalent from 1.77 million BOE and Oil Search stuck to its full
year production guidance of 6.2 million-6.7 million BOE.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
Order free Annual Report for OIL SEARCH LTD
Visit http://djnweurope.ar.wilink.com/?ticker=PG0008579883 or
call +44 (0)208 391 6028
Order free Annual Report for Exxon Mobil Corporation
Visit http://djnweurope.ar.wilink.com/?ticker=US30231G1022 or
call +44 (0)208 391 6028
Subscribe to WSJ: http://online.wsj.com?mod=djnwires