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OIL SEARCH PITCHES HIGH EARNINGS RECORD TO US INVESTORS.
AsiaPulse News, October, 2004
NEW YORK, Oct 3 Asia Pulse - Oil Search Ltd (ASX:OSH) chief executive Peter Botten has pitched a clear message of recent earnings success to potential US investors.
His message was simple, but contained sweet words investors like to hear.
"We are making a lot of money," Botten told his audience, made up of analysts and representatives from North America's major investment firms.
Oil Search, a Papua New Guinea-based oil and gas explorer, announced in August a bumper 65 per cent increase in first half net profit of $US60.1 million ($A82.8 million) and Botten said record oil prices would propel the company to another strong second half.
"I think we could do that," Botten said today when asked if he thought Oil Search's second half profit...
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