2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
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Exploration & Production<br />
‣ Underlying EBITDA up 83% to $179 million<br />
‣ Steady operational performance<br />
‣ Completed major planned maintenance shutdowns at Kupe and Otway<br />
‣ Commenced BassGas Mid Life Enhancement Project<br />
‣ Lower exploration activity<br />
($m)<br />
200<br />
Underlying<br />
EBITDA<br />
Total Assets<br />
less Segment<br />
Liabilities<br />
($b)<br />
4<br />
150<br />
179<br />
179<br />
3.5<br />
3.1<br />
2.8<br />
3<br />
Lower exploration expense (down $86m)<br />
100<br />
50<br />
0<br />
98<br />
98<br />
Dec 10 Dec 11<br />
Dec 10 Dec 11<br />
2<br />
1<br />
0<br />
Higher commodity prices (+10%)<br />
Lower production (-2%) and sales (-4%) volumes<br />
Higher operating costs (+27%) associated with<br />
planned shutdowns and flood recovery<br />
27 |
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