This may explain some action today in hardman and...

This may explain some action today in hardman and woodside..



MARKET TALK: Woodside May Accelerate Tiof - Patersons 16/06/05 11:17:00

1117 [Dow Jones]STOCK CALL: Woodside Petroleum (WPL.AU) may fast-track Tiof
oil field, offshore Mauritania, by using existing floating production, storage
and offloading, or FPSO facilities, says Patersons Securities. Operator Woodside
yet to confirm development plan. But using Northern Endeavour FPSO, currently in
use on Woodside's Laminaria field offshore northern Australia, could bring
forward Tiof development timetable to mid-2007. Solution could result in value
for junior partner Hardman Resources (HDR.AU), which Patersons retains as Buy.
Woodside shares up 1.3% at A$27.95, Hardman up 1.0% at A$2.08. (SPB)