15 July 2015
First of three Beetaloo Basin exploration wells successfully spudded
Origin Energy Limited (Origin)*, as operator of the Beetaloo Joint Venture, has confirmed that the Kalala S-1 well in EP98, Northern Territory, was spudded at 20:00 hours Australian Central Standard Time on 14 July 2015.
Kalala S-1 is the first of three onshore wells drilled by the joint venture, and will target the Middle Velkerri formation to assess hydrocarbon saturation and reservoir quality.
It is expected the well will be drilled to a total depth of approximately 2,800 metres. The exploration permit is located 500km south-east of Darwin.
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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.