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BRIEF-Oil Search Posts Qtrly Production Of 7.59 MMBOE

Published 23/01/2018, 10:06 am
© Reuters.  BRIEF-Oil Search Posts Qtrly Production Of 7.59 MMBOE
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Jan 23 (Reuters) - Oil Search Ltd OSH.AX :

* QTRLY PRODUCTION 7.59 MMBOE VERSUS 7.91 MMBOE IN THE PREVIOUS QUARTER

* QTRLY TOTAL SALES 7.67 MMBOE VERSUS 8.19 MMBOE IN THE PREVIOUS QUARTER

* QTRLY TOTAL REVENUE $ 389.0 MILLION VERSUS $380.8 MILLION IN PREVIOUS QUARTER

* PRODUCTION COSTS FOR 2017 ARE EXPECTED TO BE AT LOWER END OF PREVIOUSLY ADVISED GUIDANCE RANGE OF US$8.50 - 9.50 /BOE

* OIL SEARCH'S 2018 FULL YEAR PRODUCTION IS ANTICIPATED TO BE IN RANGE OF 28.5 - 30.5 MMBOE

* EFFECTIVE TAX RATE FOR THE 2017 FULL YEAR IS EXPECTED TO BE IN THE RANGE OF 31 - 34%

* FY 17 NET FINANCING CHARGES, CONSISTING PRIMARILY OF PNG LNG PROJECT BORROWING COSTS EXPECTED TO BE BETWEEN US$193 MILLION - US$197 MLN

* US$35.9 MILLION OF EXPLORATION AND EVALUATION EXPENDITURE WILL BE EXPENSED FOR 2017 FULL YEAR

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