Shares in Oil Search surged on the Austrailan Stock Exchange after the company advised that partners in the proposed A$3.5 billion pipeline from Papua New Guinea to Australia’s Queensland state would vote within days on a proposal to advance the project to front-end engineering design (FEED). (US$1=A$1.45). According to the Courier Mail, Oil Search, which…
PAPUA NEW GUINEA: Oil Search shares gained on progress in PNG pipeline construction
Posted on July 1, 2004 by EnergyAsia