ASX Announcement
Clarification of items following investor briefing
20 July 2021
ASX: OSH | PNGX: OSH | ADR: OISHY
Clarification of Items following yesterday's Oil Search Limited Executive Changes market briefing
Oil Search Limited ("OSH") refers to the announcement made yesterday regarding executive changes.
OSH wishes to clarify its response to a question raised in the investor briefing made following that announcement regarding approaches relating to change of control proposals.
OSH has recently received a confidential non-binding and indicative change of control proposal. That proposal has been carefully assessed by OSH's Board, and Senior Management (excluding Dr Wulff), and our advisers Goldman Sachs and Macquarie Capital, as well as legal advisers Allens. Following that assessment, the proposal was rejected as it was determined to not be in OSH shareholders' best interests on the terms and value proposed.
Contacts:
Investors | Media |
Peter Laliberte | Matthew Park |
VP, Investor Relations | VP, Communications and Media |
+61 429 414 053 | +61 400 539 302 |
peter.laliberte@oilsearch.com | matthew.park@oilsearch.com |
This ASX announcement was authorised for release by the Corporate Actions Committee.
About Oil Search
Established in January 1929, Oil Search has grown into PNG's largest single investor and most active explorer, operating all the country's producing oil fields and holding an extensive appraisal and exploration portfolio. Its 29 per cent interest in the ExxonMobil-operated PNG LNG Project has transformed Oil Search into a regionally significant oil and gas producer. The Company also holds material interests in the Elk - Antelope and P'nyang gas fields and is undertaking a range of activities to support further LNG expansion in PNG. Oil Search also holds world class oil assets in Alaska's prolific North Slope. Oil Search is listed on the Australian (OSH) and PNG (OSH) security exchanges and its ADRs trade on the US Over the Counter market (OISHY). For more information, please visit oilsearch.com.
Oil Search Limited | Australian Office | oilsearch.com | 1 |
Incorporated in Papua New Guinea | 1 Bligh Street, Sydney NSW 2000, Australia | P. +61 2 8207 8400 | |
ARBN 055 079 868 | GPO Box 2442, Sydney NSW 2001, Australia | F. +61 2 8207 8500 |
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Disclaimer
Oil Search Limited published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 23:19:03 UTC.