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Origin Energy Ltd (OGFGY.PK)

OGFGY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Origin Energy says FY net loss attributable $2.23 bln
Tuesday, 15 Aug 2017 08:49pm EDT 

Aug 16 (Reuters) - Origin Energy Ltd ::FY net loss for period attributable $2.23 bln versus loss of $628 million.FY total group revenue up 16 pct to $14.11 billion.Directors have determined not to pay a final dividend for year ended 30 June 2017.  Full Article

Origin Energy sees FY production from Lattice Energy in range of 76-86 PJE
Tuesday, 15 Aug 2017 06:51pm EDT 

Aug 16 (Reuters) - Origin Energy Ltd ::FY2018 earnings is expected to be driven by growth in both energy markets and integrated gas.FY energy markets EBITDA is expected to increase to $1.70 - $1.80 billion.Full year production from Lattice Energy is expected to be in range of 76-86 PJE.FY capital expenditure (excluding lattice energy) is expected to be $360 - $420 million including investment in future energy.FY adjusted net debt is expected to be below $7 billion reflecting lattice energy divestment.  Full Article

Origin Energy expects to recognise impairment charge of about $1.2 bln (post tax) for HY
Wednesday, 9 Aug 2017 06:34pm EDT 

Aug 10 (Reuters) - Origin Energy Ltd ::Expects to recognise an impairment charge of approximately $1.2 billion (post tax) for second half of FY2017 in its full year results.Co also expects an impairment charge of $357 million (post tax) for Lattice Energy.  Full Article

Origin Energy sells Darling Downs pipeline network
Thursday, 18 May 2017 07:13pm EDT 

May 19 (Reuters) - Origin Energy Ltd ::Origin lifts asset divestments to $1 billion.Enters into agreement with Jemena Gas Pipelines Holdings Pty Ltd for sale of Darling Downs pipeline network for $392 million.Net proceeds of divestment will be used to reduce debt.On track to achieve target of adjusted net debt of below $9 billion by 30 June 2017.Continue to make progress on divestment of Origin's conventional upstream business, lattice energy, during calendar 2017.Origin CEO Frank Calabria said sale of Darling Downs pipeline network, represents a 16.9X FY2018 EBITDA multiple to Origin.  Full Article

Origin Energy to sell Stockyard Hill Wind Farm
Sunday, 7 May 2017 08:01pm EDT 

May 8 (Reuters) - Origin Energy Ltd ::Says will commit to a 530 mw long-term power purchase agreement for Stockyard Hill wind farm.Origin will sell Stockyard Hill Wind Farm, Australia's largest wind development, for $110 million.Agree to buy all of the power generated by wind farm and associated renewable energy certificates.Proceeds from sale will be used to reduce debt.Project is likely to generate approximately 300 jobs during construction.By 2020 expects renewables will be more than 25 per cent of energy in co's generation mix2.  Full Article

Origin Energy increases interest in prospective Beetaloo JV
Thursday, 4 May 2017 08:40pm EDT 

May 5 (Reuters) - Origin Energy Ltd :increases interest in prospective beetaloo joint venture to 70%.increase in interest is not expected to impact on origin's short term focus on debt reduction.  Full Article

Origin Energy says Integrated Gas CEO, David Baldwin steps down
Tuesday, 18 Apr 2017 02:21am EDT 

April 18 (Reuters) - Origin Energy Ltd :Says Integrated Gas CEO, David Baldwin, had decided to step down from role at end of April 2017.Says current General Manager, Commercial, Mark Schubert, had been appointed executive general manager, Integrated Gas.  Full Article

Origin signs two transactions with Engie in Australia
Tuesday, 28 Mar 2017 06:21pm EDT 

Origin Energy Ltd : Origin works with Engie to help boost energy security in SA . Signed two transactions with Engie in Australia . Origin will supply gas to pelican point and for a fixed charge will gain access to 240mw of electricity production .Under gas sale agreement, Origin will sell 8pjs of natural gas to engie in Australia across 2018 and 2019 calendar years.  Full Article

Origin Energy says Helen Nugent resigns as Director
Thursday, 2 Mar 2017 10:01pm EST 

Origin Energy Ltd :Helen Nugent has notified company of her decision to step down in order to take up Chair of Ausgrid.  Full Article

AWE and Origin have agreed a non binding term sheet with Agl Wholesale Gas
Sunday, 26 Feb 2017 08:02pm EST 

Awe Ltd - : Awe and origin have agreed a non binding term sheet with Agl Wholesale Gas .Terms and price have not been disclosed.  Full Article

UPDATE 1-Australia watchdog takes aim at LNG exporters

* Watchdog says exporters should not be selling spot LNG (Adds ACCC chairman, petroleum association comments)

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