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23/04/2003 09:46:27
Daily Share Buy-Back Notice

OIL SEARCH LIMITED 2003-04-23 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
APPENDIX 3E
DAILY SHARE BUY-BACK NOTICE
(EXCEPT MINIMUM HOLDING BUY-BACK AND
SELECTIVE BUY-BACK)

Name of Entity
Oil Search Limited

ACN or ARBN
055 079 868

We (the entity) give ASX the following information.


INFORMATION ABOUT BUY-BACK

1. Type of buy-back On market

2. Date Appendix 3C was given to 05/03/2003
to ASX

TOTAL OF ALL SHARES BOUGHT BACK, OR IN RELATION TO WHICH ACCEPTANCES
HAVE BEEN RECEIVED, BEFORE, AND ON, PREVIOUS DAY

BEFORE PREVIOUS
PREVIOUS DAY
DAY

3. Number of shares bought 16,554,066 1,300,000
back or if buy-back is
an equal access scheme,
in relation to which
acceptances have been
received

$ $
4. Total consideration paid 9,824,966 780,000
or payable for the shares

5. If buy-back is an on-market
buy-back
Highest price paid Highest price paid
$0.65 $0.60
Date: 20/03/2003

Lowest price paid Lowest price paid
$0.58 $0.60
Date: 11/04/2003
Highest price
allowed under rule
7.33:
$0.62

PARTICIPATION BY DIRECTORS

6. Deleted 30/9/2001 -


HOW MANY SHARES MAY STILL BE BOUGHT BACK.

7. If the company has disclosed 90,988,839
an intention to buy back a
maximum number of shares - the
remaining number of shares to
be bought back

COMPLIANCE STATEMENT

1. The Company is in compliance with all Corporations Law requirements
relevant to this buy-back.

2. There is no information that the listing rules require to be
disclosed that has not already been disclosed, or is not contained
in, or attached to, this form.



M G Sullivan
COMPANY SECRETARY
23/04/2003