PNG

'Rich' news flow to lift Oil Search higher

WITH the PNG LNG joint venture's Hides appraisal drilling program showing promise, Macquarie Private Wealth has said its net asset value forecast for Oil Search could jump to almost $16 a share in two years.

Blair Price

'Rich' news flow to lift Oil Search higher

The news that the two Hides G-pad wells in Papua New Guinea intersected the key Toro reservoir recently lifted MPW's NAV for Oil Search by 5% to $10.68 per share, at a time when Oil Search shares were...

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