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Business
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11 / 2859 |
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Also, it is increasing exploration expenses by 50% to around $500 million. The number of exploration wells will double to around 40 and production will lift by a third in 2006.
Assessment: Woodside is trying to increase its profit with aggressive expansion plans. Investors and gas customers will need to watch the results of the projects closely, where sufficient gas reserves at the sites will strengthen the sales contracts...
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Also, it is increasing exploration expenses by 50% to around $500 million. The number of exploration wells will double to around 40 and production will lift by a third in 2006.
Assessment: Woodside is trying to increase its profit with aggressive expansion plans. Investors and gas customers will need to watch the results of the projects closely, where sufficient gas reserves at the sites will strengthen the sales contracts...
Essay fragment
General points of the essay
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