re: hdr Australia's Hardman Says Woodside Considering Stake Sale 30/11/05 10:11:00+
PERTH (Dow Jones)--Australian oil and gas explorer and producer Hardman
Resources Ltd. (HDR.AU) said Thursday Woodside Petroleum Ltd. (WPL.AU) is
considering selling its stake in Hardman.
Woodside subsidiary Woodside Mauritania Investments Pty. Ltd. holds a 10.24%
stake in Hardman.
Hardman placed its shares under a trading halt Thursday until the sale is
completed or the commencement of trade on Monday.
"The trading halt is required as Hardman has been advised by Woodside
Petroleum Ltd. that its wholly owned subsidiary, Woodsided Mauritania
Investments Pty. Ltd., is considering the sale of its shareholding in Hardman
and will decide whether it wishes to do so over the course of the trading halt
period," said Hardman in a statement to the Australian Stock Exchange.
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