Past year: ▼ 10%(10.76 – 12.38 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2009director officer appointment● Neutral
Contact Energy appointed Mark Elliott as CFO, starting in November. He was most recently Regional Director for Australia and Asia at Nyrstar. This fills the CFO vacancy flagged in Contact's earlier search.
16 Oct 2009other▲ Good
Moody's gave Origin its first rating, Baa1 with a stable outlook (P-2 short term). It cited retail position, finance and liquidity, but noted uncertainty over APLNG timing and cost until the final investment decision expected in 2010.
16 Oct 2009farm in farm out agreement● Neutral
Eden Energy said it will pay an adviser's 5% success fee on the Origin GEL 185 deal in 810,898 shares at $0.078. Origin has paid $1m and will fund the first $500k to earn 70%. Still awaiting SA Government approval.
16 Oct 2009production update● Neutral
Contact Energy (Origin holds 51.66% of quoted shares) reported September 2009 data: average wholesale price $21.13/MWh nationally, down from $49.39 a year earlier. Total generation was 808 GWh versus 894 GWh. Electricity customers were 479,000, versus 520,500 a year earlier.
15 Oct 2009drilling progress report● Neutral
AWE relayed that Trefoil-2 was at 935m on 15 October, with 782m drilled in the week. Rockhopper-1 follows. Duplicate of the operator's release.
15 Oct 2009drilling progress report● Neutral
Trefoil 2 was at 935m on 15 October after setting the 13 3/8-inch casing, preparing to drill ahead. Planned depth is 3,221m. No results yet; Origin holds 39.0% as operator.
14 Oct 2009other● Neutral
Beach Petroleum's weekly drilling report lists Origin only as a partner in Santos-operated wells (13.19% in Bobs Well-2 and Moomba-183, 16.74% in Wareena-5). Bobs Well-2 (2,894m) and Wareena-5 (1,957m) were cased as future gas producers; Moomba-183 (2,092m) was plugged and abandoned.
8 Oct 2009drilling progress report● Neutral
Innamincka relayed Origin's 8 October update: Trefoil 2 at 153m after setting the 30-inch conductor, preparing to drill ahead. Top objective still about 23 days away. Duplicate of the operator's release.
8 Oct 2009drilling progress report● Neutral
Trefoil 2 was at 153m on 8 October after setting the 30-inch conductor, preparing to drill ahead. The top objective is still expected in about 23 days; no results yet.
8 Oct 2009drilling progress report● Neutral
AWE (47.5% partner) relayed that Trefoil-2 was at 153m on 8 October after setting the conductor. Rockhopper-1 follows. Duplicate of the operator's release.
7 Oct 2009other● Neutral
Beach Petroleum's weekly drilling report mentions Origin only as a partner (13.19% to 16.74%) in Santos-operated Cooper Basin wells Bobs Well-2, Wareena-5 and Moomba-183, all drilling. No new Origin-specific result.
6 Oct 2009drilling spud● Neutral
AWE (47.5% in T/18P) reported Trefoil-2 started drilling on 6 October, about 2.6km south of the Trefoil-1 discovery, to roughly 3,220m. Rockhopper-1 follows. Duplicate of the operator's release.
6 Oct 2009drilling spud● Neutral
Trefoil 2 started drilling at 08:00 on 6 October, appraising the Trefoil gas field found in 2004 (Origin 39.0% operator). Planned depth is 3,221m, with the top objective expected in about 23 days; Rockhopper 1 follows.
6 Oct 2009drilling spud● Neutral
Innamincka (5% in T/18P) relayed that Trefoil 2 began drilling on 6 October, targeting about 3,220m. Rockhopper-1, about 12km north, follows. Duplicate of the operator's release.
6 Oct 2009investor presentation● Neutral
Karen Moses presented to J.P. Morgan Australian Corporate Access Days in New York and Edinburgh. It is a 76-page deck covering strategy, Australia Pacific LNG, carbon and the business units; the visible text shows no new figures.
2 Oct 2009drilling result● Neutral
AWE (33% partner) relayed Origin's update that Redback South 1 was cased and suspended at 3,955 mMD, with flow testing expected in the December quarter. Duplicate of the operator's release.
2 Oct 2009drilling result● Neutral
Redback South 1 reached 3,955 mMD and was cased and suspended; the rig was released 28 September. Gas in the uppermost Wagina Sandstone stands; flow testing to judge commercial significance is expected in the December quarter (Origin 67%, AWE 33%).
1 Oct 2009drilling scheduled● Neutral
Origin's weekly T/18P update repeats that Kan Tan IV is still in Port Phillip Bay waiting on weather before moving to Trefoil 2. The spud has slipped past the end of last week.
1 Oct 2009drilling scheduled● Neutral
AWE relayed Origin's 1 October update that Kan Tan IV is still waiting on weather before moving to Trefoil 2. Duplicate of the operator's release.
1 Oct 2009drilling scheduled● Neutral
Innamincka relayed Origin's 1 October update that Kan Tan IV is still waiting on weather before moving to Trefoil 2. Duplicate of the operator's release.
1 Oct 2009other● Neutral
Beach Petroleum's weekly drilling report mentions Origin only as a 13.19% partner in Santos-operated Bobs Well-2 and 16.74% in Surlow-2. Surlow-2 reached 2,418m TD and was cased as a future gas producer. Nothing new for Origin itself.
28 Sept 2009farm in farm out agreement▲ GoodMajor
Origin agreed to farm into Eden Energy's Cooper Basin geothermal licence GEL 185 in South Australia, paying $1m cash and the first $500,000 of spending to earn 70% and operate. It sits beside Geodynamics' licences; subject to SA Government approval.
24 Sept 2009drilling scheduled● Neutral
Innamincka (5% in T/18P) relayed Origin's weekly update that Kan Tan IV is waiting on weather before moving to Trefoil 2. Duplicate of the operator's release.
24 Sept 2009investor presentation● Neutral
Contact Energy (Origin holds 51.66% of its quoted shares) presented to a Craigs investor day. It cited net debt $1.1bn (27% gearing), the 200MW Stratford peaker in operation mid-2010, and $120m retained in FY09. Largely repeats known facts.
24 Sept 2009drilling scheduled● Neutral
Origin said the Kan Tan IV rig is in Port Phillip Bay waiting on weather before moving to the Trefoil 2 location in T/18P (Origin 39.0% operator). The spud expected this week has not yet happened.
24 Sept 2009drilling scheduled● Neutral
AWE (47.5% in T/18P) relayed Origin's update that Kan Tan IV is waiting on weather in Port Phillip Bay. Duplicate of the operator's release.
23 Sept 2009contract award● Neutral
ISS Group said Origin's Kupe subsidiary chose it to supply a gas nominations and liquids trucking system for the Kupe facility, worth about A$615,000. Kupe is being prepared for commissioning before end-2009.
23 Sept 2009other● Neutral
Beach Petroleum's weekly drilling report mentions Origin only as a 13.19% partner in Santos-operated Cooper Basin wells; Bobs Well-2 is preparing to spud. No new Origin-specific result.
23 Sept 2009annual report● Neutral
Origin sent shareholders its 2009 annual report, shareholder review and AGM notice. The AGM is scheduled for 30 October 2009, with the final dividend paid 23 September. Content repeats the known FY09 results.
22 Sept 2009drilling result▲ Good
AWE (33% partner) relayed Origin's Redback South 1 gas discovery in the Wagina Sandstone at 3,934m total depth. Duplicate of the operator's release; commercial significance awaits flow testing.
