Oil Search shares

​OSL share sale an admittance of error: Kua

“The forced sale means the Prime Minister has now admitted that he made a serious mistake,” says Kua.

“Right from the word ‘go’, the State had a statutory right to buy direct into the Elk/Antelope Gas project. It did not have to enter that project indirectly through Oil Search. 

“The Prime Minister was advised of this and he knew it. Also there was no commercial case made out in indirectly through Oil Search Ltd and the Prime Minister was also advised of it.