Madrum, thanks for your excellent post.
The $2B goes a long way to restoring the WPL balance sheet. The market was also surprised. Some comments from The Australian.
"The price valued Woodside's stake in Browse higher than many analysts had" and " Asian demand for Aust LNG is as strong as ever, as underlined by the huge $2B price paid for a 14.7% stake in the Browse basin".
This cash injection, plus the cash from Pluto 1 will translate into providing WPL with the cash for Pluto 2, NWS Rankin B, plus the other developments needed to keep the business humming, without stressing the bal sheet.
The other comments that was made is that JPP is now looking more and more unlikely for Browse and piping the gas to the NWS facility and the end of the decade is now the more likely option.
HT1
this is the catalyst for shell divestment, page-8
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