News: OSH Oil Search Expects To Recognise Non-Cash, Pretax Impairment Charge Of $360-400 Million In...

July 13 (Reuters) - Oil Search Ltd (OSH) :

• OIL SEARCH LTD - EXPECTS TO RECOGNISE NON-CASH, PRETAX IMPAIRMENT CHARGE OF $360-400 MILLION IN 2020 INTERIM RESULT
• OIL SEARCH-IMPAIRMENTS EXPECTED TO BE RECOGNISED LARGELY RELATE TO PNG EXPLORATION LICENSES
• OIL SEARCH LTD SEES IMMATERIAL IMPAIRMENT RELATING TO EXPLORATION LEASES IN ALASKA IN INTERIM 2020 RESULTS
• OIL SEARCH-NO CURRENT INTENTION TO PURSUE ACTIVITIES AT PNG ASSETS, EXEPCTS FULL VALUE OF EXPLORATION ASSETS TO BE WRITTEN DOWN
• OIL SEARCH LTD- CARRYING VALUE OF HIDES GAS TO ELECTRICITY PROJECT ALSO EXPECTED TO BE FULLY IMPAIRED

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