* Capital expenditure over the three years to 2012 will average $8 billion per annum. * The ?4 billion ($6 billion) p.a. average capex announced in February 2009 equates to $7 billion when adjusted for BG Group?s new exchange rate and reference price conditions. * In addition, capital committed to the EXCO alliance plus increased spending in Australia is offset by reduced spending in Kazakhstan, taking the total per annum to $8 billion.
AOE Price at posting:
$3.43 Sentiment: Hold Disclosure: Held
