• Subscribe
  • Magazine
  • Past Issues
  • Surveys
  • Industry Statistics
  • About Us
  • Members Only
    1. General Interest

    Woodside sells its Hardman Resources shares

    Dec. 5, 2005
    Woodside Petroleum Ltd. said its subsidiary, Woodside Mauritania Investments Pty. Ltd., sold its 67.4 million shares of Hardman Resources Ltd. for $118.3 million (Aus.) to Deutsche Securities Australia Ltd. for placement in the market. The shareholding represents a 10% interest in Hardman Resources.

    By OGJ editors
    HOUSTON, Dec. 5 -- Woodside Petroleum Ltd. said its subsidiary, Woodside Mauritania Investments Pty. Ltd., sold its 67.4 million shares of Hardman Resources Ltd. for $118.3 million (Aus.) to Deutsche Securities Australia Ltd. for placement in the market. The shareholding represents a 10% interest in Hardman Resources.

    Woodside bought shares in Hardman Resources during 2001-04. The companies are partners in numerous projects off Mauritania, including Chinguetti oil field, which is to start production in February 2006 (OGJ Online, Sept. 21, 2005).

    Continue Reading