Company News Summary
Origin Energy Announces 2012 Annual Reserves Report
Original announcement: Origin Energy 2012 Annual Reserves Report
Origin Energy provided an update on the hydrocarbon reserves of the Company and its subsidiaries as at 30 June 2012. It provides comparisons with and reconciliations to reserves as reported at 30 June 2011. The Proved plus Probable (2P) reserves attributable to Origin across its areas of interest at 30 June 2012 totalled 6,807 petajoules equivalent (PJe), a decrease of 234 PJe, which includes the Company's dilution in Australia Pacific LNG (APLNG) from 50% to 42.5%. If this dilution is excluded, the 2P reserves position as at 30 June 2012 represents an increase of 648 PJe or 9% from 30 June 2011. The overall decrease of 234 PJe is due to Origin's dilution of a 7.5% share in APLNG (-882 PJe), other additions and revisions (+778 PJe), together with annual production (-130 PJe).
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