Balance Sheet Strength Provides Opportunities to ... - Origin Energy

Investments in new production areas over the last decade have more
than offset the anticipated decline of maturing assets…
• Underlying CSG production continued
to grow, although Origin interests in
CSG and Denison Trough diluted by 50%
from November 2008 due to APLNG
transaction
• Otway Gas Project is operating reliably
at or around peak design rates during
high winter seasonal demand
• Bass Basin production lower due to
well constraint – operations now back
to normal levels
• Taranaki assets provided first full half
production, although at constrained
rates due to conservation of pad gas
for Ahuroa gas storage project
• Cooper Basin is in decline as contract
volumes begin to ramp down
Source: Origin
16
… with further CSG expansion, potentially through export
channels providing opportunities for significant growth