Sunday, November 27, 2011

Woodside punished by investors as production forecasts fall short | The Australian

Woodside punished by investors as production forecasts fall short | The Australian

WOODSIDE Petroleum has been severely punished by investors after disappointing the market on its ramp-up plans for Pluto and lower than expected production guidance.

The oil and gas giant yesterday said that production next year might range from 73 million barrels of oil equivalent to 81 million barrels, which analysts said was about 8-10 per cent lower than expected.

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