|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.0700 - 2.1300|
|52-week range||1.0100 - 5.5000|
|Beta (5Y monthly)||1.75|
|PE ratio (TTM)||10.15|
|Forward dividend & yield||0.13 (6.15%)|
|Ex-dividend date||03 Sep 2019|
|1y target est||N/A|
With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country's biggest company, Oil Search, is turning for growth to the other side of the world in Alaska's frozen wilderness. Australia-listed but headquartered in Port Moresby, the A$10.7 billion ($7.2 billion) oil and gas producer has shaped the industry in Papua New Guinea over the past 90 years, helping drive development in the impoverished nation. The confusion has opened a window for Oil Search to push ahead with a promising field in Alaska's North Slope oil region that it bought into in 2018 and where it is the project operator.
Papua New Guinea said on Tuesday it will honour a gas deal that Total SA signed with a previous government for a $13 billion (£11 billion) plan to expand gas exports, after securing minor concessions from the French company. The decision removes uncertainty over the plan to double liquefied natural gas (LNG) exports from the Pacific nation that arose after new Prime Minister James Marape came to power in May promising to win more benefits for the impoverished country. The Papua LNG gas agreement is one of two agreements needed for Total and its partners, Exxon Mobil Corp and Oil Search Ltd , to go ahead with the LNG expansion plan.
Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS used for an ill-fated government investment in the gas sector, the inquiry's chairman said on Monday. The timetable and terms of reference, released for the first time, also include a focus on how the UBS loan used to buy a government stake in PNG-focused energy firm Oil Search was obtained, whether it resembled previous loans, and whether the government broke its own rules in taking out the loan. Chairman Salamo Injia, a former chief justice, said in a statement on Monday that retired Australian judge John Gilmour would also join the inquiry as a second commissioner.