News: OSH Oil Search Revises FY Production Guidance To 27 MMBOE - 29 MMBOE

Oct 22 (Reuters) - Oil Search Ltd (OSH) :

• QTRLY TOTAL SALES 6.47 MMBOE VERSUS 6.74 MMBOE IN PRIOR QUARTER
• PRODUCTION GUIDANCE FOR 2019 FULL YEAR HAS BEEN REVISED TO 27 - 29 MMBOE, FROM 28 - 31 MMBOE PREVIOUSLY
• SEPT QUARTER TOTAL PRODUCTION 6.81 MMBOE VERSUS 6.88 MMBOE IN JUNE QUARTER
• QTRLY TOTAL REVENUE $361.1 MILLION DOWN 5% Q/Q
• GUIDANCE REVISED DUE TO OFFSHORE LIQUIDS LOADING FACILITY ISSUE, WHICH NEGATIVELY IMPACTED PRODUCTION DURING Q3
• 2019 UNIT PRODUCTION COSTS ARE NOW EXPECTED TO BE BETWEEN US$12 AND 13/BOE
• 2019 CAPITAL COST GUIDANCE HAS BEEN REDUCED
• 2019 UNIT PRODUCTION COSTS ARE NOW EXPECTED TO BE BETWEEN US$12 AND 13/BOE

Source text http//www.asx.com.au/asxpdf/20191022/pdf/449qp7gtftbhrc.pdf

([email protected])