Woodside Petroleum (WPL) completes the first stage of equity raising to fund Scarborough gas field purchase
In this short video we speak to Woodside Petroleum (WPL) CEO Peter Coleman about the $2.5 billion equity raising which will fund the acquisition of an additional 50% interest in the Scarborough gas field. We discuss the successful Institutional component, which raised $1.57 billion at $27.00 per new share, reflecting strong support from existing institutional shareholders. Additionally, we talk about WPL’s growth strategy and the outlook for future shareholder returns. Peter sheds light on WPL’s view on the potential growth of the liquid natural gas (LNG) markets, especially in Asia.
*The retail component of the offer (“Retail Entitlement Offer”) will open on Wednesday, 21 February 2018 and is expected to close at 5pm (AEDT) on Wednesday, 7 March 2018.
Click here to view the video:https://youtu.be/lL1MOPmjgp8
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