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BRIEF-Oil Search says won't submit revised offer for Interoil

Published 21/07/2016, 10:16 am
© Reuters.  BRIEF-Oil Search says won't submit revised offer for Interoil
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July 21 (Reuters) - Oil Search Ltd OSH.AX :

* Oil Search not to submit revised offer for Interoil OSH.AX

* It does not intend to submit a revised offer for Interoil under the arrangement agreement between Oil Search and Interoil dated 20 may 2016

* Bid by ExxonMobil clearly underscores the merits of our offer for Interoil

* Says do not believe it is in the best interests of our shareholders for Oil Search to submit a revised offer to acquire Interoil.

* Total SA (PA:TOTF) and Oil Search have already signalled their desire to cooperate with the png lng project

* Successful takeover of Interoil by ExxonMobil will deliver a major part of our original objectives in the acquisition of Interoil"

* Oil Search and Total agreed that they will terminate their mou if Interoil terminates the arrangement agreement with Oil Search

* Source text for Eikon ID:nASX19sy6g

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