ASX/Media Release
30 July 2010
Origin’s Exploration and Production business increases sales volumes, revenues and reserves
Origin Energy Limited (“Origin”) today announced increased annual sales volumes and revenues for its Exploration and Production business and a 38 per cent annual increase in its total Proved plus Probable (“2P”) reserves.
The details were released in Origin’s Quarterly Production Report for June 2010 and the 2010 Annual Reserves Report.
Origin’s Exploration and Production business achieved annual production of 104 petajoules equivalent (“PJe”) in line with the prior financial year while sales revenues, on a proportionately consolidated basis, increased by 10 per cent to $632 million. This was despite the 50 per cent dilution of its interest in coal seam gas production from Australia Pacific LNG in October of 2008.
