Oil Search Limited
(ASX:OSH) has announced an independent certification has been completed on the Elk-Antelope fields.
The certification relates to its Sale and Purchase Agreement with the sellers of the PAC LNG group of companies.
As a result of the certification, Oil Search will not be required to make an additional payment to the PAC sellers.
Peter Botten, Oil Search’s Managing Director has indicated the company now believes there is potential for at least 2 more LNG trains in Papua New Guinea.
Oil Search Limited reported a net loss of $53.9 million at 31 December 2015.
