Oil Search suspended from PNGX

OIL Search has been suspended from Papua New Guinea’s stock exchange after allegations that it has breached the PNG Capital Market Act and did not gain approval from the nation’ s securities commission for the local retail component of its recent capital raising.

Oil Search suspended from PNGX Oil Search suspended from PNGX Oil Search suspended from PNGX Oil Search suspended from PNGX Oil Search suspended from PNGX

New Oil Search MD Kieran Wulff

The retail component of the raise completed at the end of May and Oil Search said it had "sought and obtained" valid approvals from the executive chairman of the securities commission.

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