Mauritanian coup monitored by WA trio

WESTERN Australian companies Woodside Petroleum, Hardman resources and Sphere Investments are moni-toring the situation in the West African nation of Mauritania following a military coup last week. The resources groups, which all have interests in the country, issued statements shortly after news reports of a non-violent overthrow of President Maaouya Ould Sid’Ahmed Taya.Woodside, operator of the Chinguetti oil field in offshore Mauritania, said the coup had not affected the functioning of drilling efforts. WA explorers Hardman resources and Roc Oil partly own the field. Iron ore producer and oil and gas hopeful Sphere Investments said it continued to monitor the situation closely for further developments. Sphere currently holds a 20 per cent interest in the Guelb el Aouj joint venturer with plans to move to 50 per cent ownership by funding a $US10 million bankable feasibility study.

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