Contact Energy Limited (Contact) is aware of a NZ power market report published by financial broker OMF earlier today indicating that Contact's Stratford based combined-cycle plant (TCC) is unlikely to run over winter 2014 due to less than 1,000 hours of operating time being left until a substantial plant upgrade is required.
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Contact Energy Limited (Contact) confirms that the Exchange Offer component of its current retail offer of senior bonds has now closed and that the interest rate has been set at 5.80%.
Origin, as Upstream operator of the Australia Pacific LNG Project, has taken the precautionary measure to suspend its drilling operations across 12 rig sites in south west central Queensland to allow for an investigation into a supply incident.
Contact Energy expects that information packs in relation to the Exchange Offer component will be mailed to existing bondholders on Monday 3 March 2014.
Preliminary half year announcement on consolidated results in accordance with Listing Rule 10.4.2.
Origin Energy Limited (Origin) today announced the signing of two farm-in agreements with Senex Energy Limited (Senex, ASX:SXY) to acquire exploration interests in two unconventional gas blocks covering more than 1,900 km2 of South Australia’s prospective Cooper-Eromanga Basin.
Contact Energy Limited has registered a Simplified Disclosure Prospectus for an offer of fixed rate, unsecured, unsubordinated bonds of up to $200 million with the ability to accept another $50 million in oversubscriptions.
Contact’s earnings have become more predictable with the reduction in gas take-or-pay commitments, the upgrade of the inter-island transmission link and investment in thermal plant flexibility.
Origin Energy Limited (Origin) advises that PEP 38264 operator, Anadarko Petroleum Company, on behalf of the joint venture, commenced drilling the Caravel-1 exploration well at 16:44 hours local time on 10 February 2014.
Contact Energy today announced their Monthly Operational Data for the period ended 31 December 2013.