Exploration and Appraisal Drilling Update - June 2018

(ASX: OSH | ADR: OISHY | POMSoX: OSH)

5 July 2018

Well Name

Well Type

Location

Barikewa 3

Appraisal

PRL 9, Forelands, PNG

Spud Date

25 June 2018

Rig

HAES Rig 103

Objective/ Targets

Cretaceous Toro Sandstone and deeper Jurassic Hedinia Sandstone.

The objective of Barikewa 3 is to constrain the resource in the field and assist in selecting the optimal commercialisation pathway. The Barikewa 3 appraisal well follows the successful Kimu 2 appraisal well (PRL 8, Forelands), which reached total depth in late May 2018 and proved up an extension of the Kimu gas reservoir.

Status

Drilling commenced on 25 June 2018. At the end of the month, the well was at a depth of 821 metres and drilling ahead in a 12-1/4" hole.

Operator

Oil Search

Participants

Oil Search (PNG) Limited 45.1%

Barracuda Limited 40.0%

NPCP Oil Company Pty Limited 14.9%

Total 100.0%

All depths quoted are measured depth from rotary table (MDRT)

PETER BOTTEN, CBE

Managing Director

Oil Search Limited

Incorporated in

Papua New Guinea ARBN 055 079 868

Head office

Port Moresby Papua New Guinea

Sydney office

1 Bligh Street Sydney NSW 2000 Australia

Mailing address

GPO Box 2442 Sydney NSW 2001 Australia

Tel: +61 2 8207 8400 Fax: +61 2 8207 8500www.oilsearch.com

For further information, please contact:Ann Diamant

General Manager, Investor Relations and Communications

Tel: Mob:

+612 8207 8440 +61 407 483 128

Stephanie Chu

Investor Relations Manager

Tel: Mob:

+612 8207 8542 +61 481 038 179

Oil Search - June Drilling Report - 5 July 2018www.oilsearch.com

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Oil Search Limited published this content on 05 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 July 2018 03:23:01 UTC