WDS 1.74% $28.75 woodside energy group ltd

strong day, page-4

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    re: wpl and hdr Middle

    Yes, the mention of WPL having its eye on HDR was interesting (its been said a number of times lately). Just as reassuring is the way that Mauritanian oil production is continuously being discussed by WPL as a certainty. This makes HDR's equity offshore Mauritania very valuable on a projected cash flow basis. WPL will want HDR when this cash flow gets closer to reality - but will they wait that long? HDR's agreement with WPL has a no move clause for 12 months that expires in October.

    Interesting times ahead.

    H
 
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