Regarding the satement that Woodside don't need the gas. The gas is extremely valuable at the moment, reserves in the U.S. may be OK, but have you been watching what has been happening in England regarding gas.
Have a look at http://uk.theoildrum.com/story/2006/3/13/18323/7291#more
They are in serious trouble with depletion rates in the north sea as well as the reliability of supplies from Russia. A reliable source of gas reasonably close to Western Europe will be a significant money spinner.
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
