OSH oil search limited
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April 7 (Reuters) - Oil Search Ltd (OSH) said on Tuesday it...

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    07/04/20
    09:15
    Post #: 43918708

    April 7 (Reuters) - Oil Search Ltd (OSH) said on Tuesday it will raise up to A$1.16 billion ($706 million) through a discounted share sale as it looks to weather a prolonged period of weak oil prices.

    The Papua New Guinea-focused oil and gas producer said the cash call will be at an offer price of A$2.10 per share, a 23.1% discount to the stock's Monday close.

    ($1 = 1.6437 Australian dollars)

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