March 31 (Reuters) - Oil Search Ltd (OSH) : TESTING OF NANUSHUK...

March 31 (Reuters) - Oil Search Ltd (OSH) :

• TESTING OF NANUSHUK RESERVOIRS ENCOUNTERED IN MITQUQ 1 ST1 AND STIRRUP 1 WELLS COMPLETED
• WELL PLACED TO MINIMISE CAPITAL EXPENDITURES IN ALASKA DURING CHALLENGING TIME WITHIN OIL AND GAS INDUSTRY
• WITH TESTING COMPLETE AT BOTH WELL LOCATIONS, CREWS ARE DEMOBILISING AND EXPECTED TO BE OFF-LOCATION BY MID-APRIL
• AT PRESENT, OIL SEARCH DOES NOT PLAN TO PURSUE AN EXPLORATION DRILLING PROGRAM IN 2020/21 WINTER SEASON
• NEED FURTHER APPRAISAL, BUT MITQUQ & STIRRUP WELL DISCOVERIES MAY REPRESENT LOW COST TIE-BACK OPTIONS TO PROPOSED PIKKA UNIT DEVELOPMENT