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The company, whose name is synonymous with the ever expectant PNG gas pipeline project, has managed to build its strongest balance sheet since it was formed, holding cash and receivables of more than $100 million at the end of the last financial year.
Debt is now around $100 million although the company is negotiating to sell its gold assets worth around $80 million.
The sale of those assets and the ability to leverage off it could even fund Oil Search in a takeover of up to around $800 million if a suitable target is found.
The company now finds itself in a strong position for growth behind the shadow of the PNG gas pipeline.
