Oil Search

It was a difficult year in Papua New Guinea. Landslides, local disputes and an ongoing political crisis all caused concern, but you wouldn’t know it from Oil Search’s results. Revenue for the year rose 26% to US$733m, driving earnings before interest, tax, depreciation, amortisation and exploration (EBITDAX) 26% higher to US$596m. From earnings per share of US$0.18, up 62%, a US$0.02 dividend was declared (ex-date 8 Mar), taking full year dividends to US$0.04. Table 1: Oil Search full-year results Full-year ending 31 December 2011 2010 Change (%) EBITDAX (US$m) 596 472 26 NPAT (US$m) 440 277 59 Net operating cashflow (US$m)...

It was a difficult year in Papua New Guinea. Landslides, local disputes and an ongoing political crisis all caused concern, but you wouldn’t know it from Oil Search’s results. Revenue for the year rose 26% to US$733m, driving earnings before interest, tax, depreciation, amortisation and exploration (EBITDAX) 26% higher to US$596m. From earnings per share of US$0.18, up 62%, a US$0.02 dividend was declared (ex-date 8 Mar), taking full year dividends to US$0.04.

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