PNG stalwart Oil Search saw its share price slashed on the Australian Stock Exchange this week after serious doubts were raised surrounding the development of the much-anticipated $A4 billion PNG-Australia pipeline, which was expected to deliver gas to the east coast of Australia by 2010.
Shares in the company dropped as low as $A3.16 on Wednesday after closing at $3.
From early beginnings in 1929, Oil Search has grown to become PNG's largest oil and gas company
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