re: gusher 2
1509 [Dow Jones] Woodside (WPL) running hot in late trade, last up 60 cents at A$20.90, was up about 10 cents when afternoon session began. Senior institutional dealer discounts market suggestion that CNOOC US$850 million bond raising could be prelude for bid through purchase of Shell's 33% stake. Adds more likely confidence that next offshore Mauritania wildcat well, Merou One, will be a gusher similar to Tiof and Chinguetti discoveries. Results due in next week or so. Macquarie, Fortis, CSFB big WPL buyers in late trade. (IGP)
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held