🕐26.08.11 - 02:54 Uhr
BHP BILLITON NEWS
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_Latest News Updates_
[2]BHP Billiton Completes Acquisition of Petrohawk Energy Corporation
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Completes-Acquisition-of-Petrohawk-Energy-Corporation.aspx
August 26, 2011
âBHP Billiton [ASX: BHP, LSE: BLT, NYSE: BHP, NYSE: BBL, JSE: BIL] announced
today that it has completed its acquisition of Petrohawk Energy Corporation
through a short-form merger under Delaware law of its wholly owned
subsidiary with and into Petrohawk, with Petrohawk being the surviving
corporation as a wholly owned subsidiary of BHP Billiton.
The merger was the
final step of the acquisition process and follows the previously announced
completion of the tender offer by BHP Billiton to acquire all outstanding
shares of common stock of Petrohawk.
BHP Billiton Petroleum Chief Executive, J.
Michael Yeager, said the
Petrohawk acquisition adds high-quality growth to the company.
âWith the completion of this transaction, BHP Billiton Petroleum is on track
to deliver compound annual growth in production volumes of ten percent for
the remainder of the decade.
We are excited that Petrohawkâs sizeable U.S.
workforce is joining our talented group of professionals and we are ready to
grow this business over the long-term.â
Petrohawk has requested the New York Stock Exchange to take the necessary
steps with the U.S.
Securities and Exchange Commission to delist Petrohawkâs
common stock from the NYSE.
_Cautionary Statement Regarding Forward-Looking Statements_
This communication may contain, in addition to historical information,
certain forward-looking statements regarding future events, conditions,
circumstances or the future financial performance of BHP Billiton Plc and
BHP Billiton Limited and their affiliates, including BHP Billiton Petroleum
(North America) Inc.
and Petrohawk (collectively, the âBHP Billiton Groupâ),
following completion of the Offer, the merger and other related transactions
(the âTransactionsâ).
Often, but not always, forward-looking statements can
be identified by the use of words such as âplans,â âexpects,â âexpected,â
âscheduled,â âestimates,â âintends,â âanticipatesâ, âon trackâ or
âbelieves,â or variations of such words and phrases or state that certain
actions, events, conditions, circumstances or results âmay,â âcould,â
âwould,â âmightâ or âwillâ be taken, occur or be achieved.
Such
forward-looking statements are not guarantees or predictions of future
performance, and are subject to known and unknown risks, uncertainties and
other factors, many of which are beyond our control, that could cause actual
results, performance or achievements of any member of the BHP Billiton Group
or the enlarged BHP Billiton Group following completion of the Transactions
to differ materially from any future results, performance or achievements
expressed or implied by such forward-looking statements.
Such risks and
uncertainties include: (i) beliefs and assumptions relating to available
borrowing capacity and capital resources generally, (ii) expectations
regarding environmental matters, including costs of compliance and the
impact of potential regulations or changes to current regulations to which
Petrohawk or any member of the BHP Billiton Group is or could become
subject, (iii) beliefs about oil and gas reserves, (iv) anticipated
liquidity in the markets in which BHP Billiton or any member of the BHP
Billiton Group transacts, including the extent to which such liquidity could
be affected by poor economic and financial market conditions or new
regulations and any resulting impacts on financial institutions and other
current and potential counterparties, (v) beliefs and assumptions about
market competition and the behaviour of other participants in the oil and
gas exploration, development or production industries, (vi) the
effectiveness of Petrohawkâs or any member of the BHP Billiton Groupâs
strategies to capture opportunities presented by changes in prices and to
manage its exposure to price volatility, (vii) beliefs and assumptions about
weather and general economic conditions, (viii) beliefs regarding the U.S.
economy, its trajectory and its impacts, as well as the stock price of each
of BHP Billiton Plc and BHP Billiton Limited, (ix) projected operating or
financial results, including anticipated cash flows from operations,
revenues and profitability, (x) expectations regarding Petrohawkâs or any
member of the BHP Billiton Groupâs revolver capacity, credit facility
compliance, collateral demands, capital expenditures, interest expense and
other payments, (xi) Petrohawkâs or any member of the BHP Billiton Groupâs
ability to efficiently operate its assets so as to maximize its revenue
generating opportunities and operating margins, (xii) beliefs about the
outcome of legal, regulatory, administrative and legislative matters and
(xiii) expectations and estimates regarding capital and maintenance
expenditures and its associated costs.
Many of these risks and uncertainties
relate to factors that are beyond the BHP Billiton Groupâs ability to
control or estimate precisely, and any or all of the BHP Billiton Groupâs
forward-looking statements may turn out to be wrong.
The BHP Billiton Group
cannot give any assurance that such forward-looking statements will prove to
have been correct.
The reader is cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of this
communication.
The BHP Billiton Group disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of
new information, future events, conditions, circumstances or otherwise,
except as required by applicable law.
Nothing contained herein shall be deemed to be a forecast, projection or
estimate of the future financial performance of any member of the BHP
Billiton Group.
[3]Read on
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Completes-Acquisition-of-Petrohawk-Energy-Corporation.aspx
_Other News___
[4]BHP Billiton Results for the Year Ended 30 June 2011
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Results-for-the-Year-Ended-30-June-2011.aspx
August 24, 2011
[5]Supporting the Illawarra Community
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Supporting-the-Illawarra-community.aspx
August 23, 2011
[6]BHP Billitonâs Tender Offer to Acquire Petrohawk Energy Corporation
Completed
Links:
6.
http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton%C3%A2s-tender-offer-to-acquire-Petrohawk-Energy-Corporation-completed.aspx
August 21, 2011
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