21 September 2020
Beetaloo exploration program resumes
Origin has resumed activity at the Kyalla well site near Daly Waters, as part of the Beetaloo Exploration Project.
Work was temporarily paused in March this year in response to COVID-19 and to protect the health and safety of communities across the Northern Territory.
The Kyalla well, successfully drilled in January, will now be fracture stimulated followed by a period of production testing over the coming months. Initial results from this are expected by the end of the year, with full results in the first quarter of 2021.
Origin General Manager for Beetaloo and Growth Assets, Tracey Boyes, said, “Origin is pleased to be resuming exploration activity in line with the Northern Territory’s strict regulations to protect the environment and groundwater.
“We have a robust COVID management plan and additional controls in place so we can continue to safely carry out our work.
“Our Beetaloo project is already creating local jobs and opportunities and if successful, has the potential to deliver long term economic benefits for the Northern Territory and Australia,” Ms Boyes said.
For more abut the Beetaloo project visit www.originbeetaloo.com.au
Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.