wow, page-21

Yellow,

Can I direct you to today's article in www.theaustralian.com.au/business Leviathan an option but not Oil Search: Woodside."The energy giant is considering takeovers but no capital return".

Chief Executive Peter Coleman in this article scotches speculation that Woodside is set to Make a bid for Oil Search because it is fully priced."There are other things out there" Coleman says.

Woodside says further that its ideal aquisation targets would be between $1bn and $5bn and that a friendly corporate takeover was in the mix of growth options. Coleman says further "we see that as part of the opportunity set".

Additionally Coleman makes the point "Our view is you create value when you have alignment between two companies..as distinct from when people go in a hostile sense and pay a huge entry fee".

What more can I say about this other than let this article assist you in your deliberations.

Alhambra.