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Exxon Mobil Corp announced on Wednesday a new natural gas discovery in Papua New Guinea. ExxonMobil said it has a 42.5 percent stake in the project, while the rest of the interest is owned by Oil Search Ltd and Santos Ltd, with Oil Search as the operator. "We are excited by the results of the Muruk-1 exploration well, which confirms the presence of hydrocarbons in the same high-quality sandstone reservoirs as the Hides field that underpins the PNG LNG project," said Steve Greenlee, president of ExxonMobil Exploration Company.
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A record-breaking day in U.S. stocks overnight — with the Dow Jones Industrial Average hovering just below the symbolically significant 20,000 level — led Asian stocks higher Wednesday.
OSH.AX : Summary for OIL SEARCH FPO 10T - Yahoo Finance
Oil Search Limited (OSH.AX)
ASX - ASX Delayed Price. Currency in AUD
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|Day's Range||7.14 - 7.25|
|52 Week Range||5.56 - 7.74|
|PE Ratio (TTM)||-45.16|
|Dividend & Yield||0.05 (0.90%)|
|1y Target Est||N/A|