Tuesday, December 6, 2011

Woodside Falls After Report Says Land Acquisition Ruled Unlawful - Businessweek

Woodside Falls After Report Says Land Acquisition Ruled Unlawful - Businessweek: Dec. 6 (Bloomberg) -- Woodside Petroleum Ltd. fell in Sydney trading after a report said a court ruled that compulsory land acquisition notices by Western Australia state for the company’s Browse natural-gas processing hub were unlawful.

Australia’s second-biggest oil and gas producer dropped as much as 1.8 percent to A$33.56 and traded at A$33.57 at 2:44 p.m. local time. The stock had risen as much as 0.6 percent before the report by the Australian Associated Press. S&P/ASX 200 Index declined 1.1 percent.

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