It appears WPL is to sell down it's Browse stake...
http://www.theaustralian.com.au/business/mining-energy/woodside-kicks-off-1bn-browse-sale-as-plans-for-processing-plant-may-be-axed/story-e6frg9df-1226254707054
Personally I think this is a good thing, it will vastly reduce WPL's exposure to what was going to be 'considerable' long term expenditure and future market risk.
Such action would also allow the advancement of the future Pluto plant expansion near Karatha, which IMO would give them better bang for buck in the short term.
Piping Browse to the NWS would also give an extension to the life expectancy of not only the field but the infrastructure already in place. Although this is only one option on the table as we know.
Unless someone can correct me, my perception is that this would actually be beneficial to WPL's, short to medium term bottom line.
wpl to sell down browse stake.
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