Oil Search Share Purchase Plan

October 21st, 2009

Oil Search (OSH) announced on the 19/10/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 21/10/2009 on which shareholders must own the share to participate in the SPP. The closing date is 27/11/2009.  Shares will be issued on 11/12/2009 and begin trading soon after.   A maximum of $15,000 can be purchased by each shareholder at $5.90 .

Discount : 5.8% Liquidity : Good Profitability : Good  Stability : Good

www.oilsearch.com

* Note: Discount is based on the closing price on the 20 October 2009.

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