OSH oil search limited
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Ann: Trading Halt , page-10

  1. jasonjeroo
    1,511 Posts.
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    19/10/09
    12:48
    Post #: 5798930

    http://www.smh.com.au/business/oil-search-seeks-1b-as-png-deal-fails-20091019-h37m.html

    Oil Search has entered a trading halt for a share placement to institutional investors – said to be around $1 billion – after a deal to sell a 3.5 per cent interest in the PNG liquefied natural gas project to Abu Dhabi sovereign wealth fund International Petroleum Investment Corporation fell over for unexplained reasons.

    Oil Search needs the funding to help finance its share of the construction costs of the $US11 billion project.
    OSH Price at posting: $6.75 Sentiment: None Disclosure: Held
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