First Impressions on Oil Search (OSH) - Interim profit in line with consensus and our estimate
Oil Search had unit production costs of US$8.90/bbl, below FY guidance of US$9–11/boe and down 43% on 1H14). On average, realised oil and condensate price was US$56.64/bbl, reflecting significant decline in global oil prices. In 2015, full year production guidance was unchanged at 27 – 29 mmboe. 2015 Capital Cost Guidance (US$610 – 690m) was revised up from US$555-685m.Production costs US$9 – 11 / boe. Click here to read our full report: (VIEW LINK)
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
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