Oil Search finds InterOil

Wilson Asset Management

Wilson Asset Management

Oil and gas company Oil Search Limited (ASX: OSH) announced today it would look to acquire InterOil Corp for US$2.2 billion. Both companies currently have extensive oil and gas acreage in Papua New Guinea, with the acquisition resulting in the creation of a “major independent PNG oil and gas champion”. Oil Search said on Friday that the proposed acquisition offers "compelling financial and strategic upside potential" for all shareholders. Shares in Oil Search closed up 1.2% for the week. We do not own Oil Search in the investment portfolio.

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Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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