When bad news about a project affects a company's share price, it's all relative.
For Woodside Petroleum, the proposed Tiof project near its Chinguetti joint venture development in Mauritania would be a nice feather in its cap.
But for partner Hardman Resources, it's a core asset.
Woodside chief executive Don Voelte hinted yesterday the Tiof project was not guaranteed to proceed as previously assumed.
Woodside shares fell 27c to $31.98 on a weak day for all oil and gas stocks.
But Hardman shares fell 14.5c, or 8 per cent, to $1.71.
Voelte did note that Woodside rarely canned previously announced projects, citing the abandonment of its Blacktip gas project earlier this year as a rare example.
