Oil Search does not rule out selling PNG LNG stakes

MACQUARIE Private Wealth has forecast that Oil Search might sell 3-5% of the PNG LNG project to help fund a possible third train, while Oil Search will not consider such a move at this stage.

Oil Search does not rule out selling PNG LNG stakes Oil Search does not rule out selling PNG LNG stakes Oil Search does not rule out selling PNG LNG stakes Oil Search does not rule out selling PNG LNG stakes Oil Search does not rule out selling PNG LNG stakes

In a note to clients, MPW scrutinised Oil Search's recent quarterly report and said the company's cash position of $US402 million at the end of June was lower than its forecast of $450 million.

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