HDR hardman resources limited

Woodside owns 10.9% of HDR after Placement, page-2

  1. 325 Posts.
    WPL HDR - ASX Company Announcement
    $gen0 THIS IS A PRIORITY ITEM
    2 October 2002
    Part 1/1
    --------
    WOODSIDE PETROLEUM LIMITED
    --------------------------

    HOMEX - Perth
    -------------------------
    Takes Placement in Hardman Resources Ltd

    Woodside Petroleum Ltd advises that through its wholly owned
    subsidiary, Woodside Mauritania Investments Pty Ltd, it has agreed
    with Hardman Resources Ltd to take a placement of 10 million ordinary
    shares in Hardman at a placement price of A$0.70 a share. (Hardman's
    ASX announcement of its placement is attached).

    The additional 10 million shares will take Woodside's shareholding in
    Hardman to 10.86%, calculated on the basis that Hardman places 57
    million new shares.

    The placement underscores Woodside's confidence in Mauritania as a
    growth region. The joint venture has now drilled three prospects
    offshore Mauritania and has made two promising discoveries,
    increasing Woodside's optimism for the area.

    MEDIA INQUIRIES
    Woodside Energy Ltd
    Rob Millhouse
    PUBLIC ISSUES MANAGER
    W: (08) 9348 4281 M: (0419) 588 166
 
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Currently unlisted public company.

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