OilVoice - Shell Confirms Intention to Take up Woodside Share Offer

Shell Confirms Intention to Take up Woodside Share Offer

Monday, December 14, 2009

Woodside Petroleum Ltd, an Australian-listed exploration & production company focused on Australian LNG, has announced an entitlement offer of new shares today.

At present, Shell Energy Holding Australia Limited ('Shell') has a 34.27% stake in Woodside. Shell confirms that it has accepted the offer which will cost A$862.5 million, so that it will maintain its 34.27% stake.