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Costs eat into Oil Search bottom line |
| Home | (The Age) - BUMPER oil prices are no guarantee of bumper earnings from oil exploration and production companies. That is something Sydney-based Oil Search has highlighted, with its after-tax profit for the June half falling by 59 per cent from $US115.3 million to $US46.9 million ($A58.57 million). The slump was despite record average realised oil prices of $US70.73 a barrel. |