Oil Search move prudent, says RBC

OIL Search has become the first Australian Securities Exchange-listed oil and gas producer to announce sizeable write-downs in its upcoming half-year results after the collapse in oil prices, however the flagged pre-tax impairments of up to $US400 million ($A572.1 million) remain mostly confined to exploration assets rather than production plants.

Oil Search move prudent, says RBC Oil Search move prudent, says RBC Oil Search move prudent, says RBC Oil Search move prudent, says RBC Oil Search move prudent, says RBC

Gordon Ramsay

The write-downs, to be detailed in Oil Search's interim results on August 25, take into account "the potential longer-term impact of prevailing economic conditions, the outlook for oil and gas prices

topics

loader