re: flow rates - geos Here are some counter views about a HDR...

re: flow rates - geos Here are some counter views about a HDR takeover

Why would WPL want to takeover HDR. They are operators in Maritania and have apprx. 50% stake. Last year they sold 40% of Enfield to reduce their stake to 60% in a single operation. This would seem to be a good stake in a single asset. They also own 10% of HDR and could block any other company from making a takeover.

Was there any agreement made when WPL took a 10% stake in HDR? Was there a period before this equity could be increased?

Correct me if I am wrong, but I thought Ted went to Shell Americas initially when he was looking for farm in partners. They declined and WPL and ENI came onboard. This may have been one of the reasons that Shell made the full takeover offer for WPL. They were concerned about WPL(a notional Shell subsidiary company) expanding overseas into Africa and US Gulf Coast which were zones of interest for either Shell or Shell Americas. They wanted a compliant WPL(Shell Australia) staying in Australia. (thankfully that did not happen)