WPL has a $2b warchest for acquisitions Sounds like WPL is on the warpath. For $2b they could buy out HDR for $5 a share. If the 2002 drilling program is a success I expect a bid.
from todays smh
The Perth-based oil and gas company said operating cash flows would allow a higher portion of self funding, and that it had $1 billion to $2 billion to fund acquisitions for new projects at a gearing ratio of no more than 50 per cent.
Woodside said it would continue to screen acquisitions following its failed bid for Germany's Veba Oil & Gas for around $2 billion in January.
But chief financial officer Doug Bailey told investors the company was very selective when it came to potential targets and warned "the number of opportunities will be small and often opportunistic".
He said growth would come from exploration and acquisitions. "The extensive development program for Australian assets encourages an international emphasis and focus for both new exploration projects and acquisitions," he said.
...
Mr Bailey said northwest Africa was underexplored, with potential for large discoveries, while north Africa was also considered underexplored with adjacent large markets.
http://www.smh.com.au/articles/2002/08/02/1028157844178.html
- Forums
- ASX - By Stock
- HDR
- Anyone there
HDR
hardman resources limited
Anyone there, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online