Oil Search warns of "unexpected" A$574 million impairment

OIL Search expects pre-tax write downs of up to US$360-$400 million in its upcoming results due in August but the news is better than many expected.

Oil Search warns of "unexpected" A$574 million impairment Oil Search warns of "unexpected" A$574 million impairment Oil Search warns of "unexpected" A$574 million impairment Oil Search warns of "unexpected" A$574 million impairment Oil Search warns of "unexpected" A$574 million impairment

LNG projects and Alaska safe, writedowns confined to non-core assets, power station

The impairments are confined to non-core exploration licenses and a small gas-to-power project that was to supply a mine the government has kept shut down.