ANALYST WRAP: Oil Search set to profit from sales delay

JP MORGAN has upgraded its full year 2011 earnings forecast for Oil Search by 17% due to the deferral of oil sales into the second quarter this year, when the oil price is expected to be at a premium.

05 May 2011
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During the last quarter, Oil Search achieved an average realised price of $US108.58 a barrel, 22% better than the previous period.

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