PERTH (Dow Jones)--Australian oil and gas explorer and producer Hardman Resources Ltd. (HDR.AU) said Thursday Woodside Petroleum Ltd. (WPL.AU) is considering selling its stake in Hardman. Woodside subsidiary Woodside Mauritania Investments Pty. Ltd. holds a 10.24% stake in Hardman. Hardman placed its shares under a trading halt Thursday until the sale is completed or the commencement of trade on Monday. "The trading halt is required as Hardman has been advised by Woodside Petroleum Ltd. that its wholly owned subsidiary, Woodsided Mauritania Investments Pty. Ltd., is considering the sale of its shareholding in Hardman and will decide whether it wishes to do so over the course of the trading halt period," said Hardman in a statement to the Australian Stock Exchange.
HDR Price at posting:
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