COP | Quote | Chart | News | PowerRating -- Origin Energy will pay $A712.5m for Woodside Petroleum's stake in the Otway gas project. The acquisition will be financed via the energy group's cash reserves and debt facility. MD Grant King has not ruled out a capital raising to finance future acquisitions or its proposed LNG joint venture with ConocoPhillips. Origin is also a leading candidate to acquire some of the New South Wales Government's energy assets.
Publication Date: 3 November 2009
ORIGIN ENERGY LIMITED - ASX ORG
WOODSIDE PETROLEUM LIMITED - ASX WPL
CONOCOPHILLIPS
DEUTSCHE BANK AG
BENARIS INTERNATIONAL NV
CALENERGY GAS (AUSTRALIA) LIMITED
ENERGY AUSTRALIA PTY LTD
ROYAL BANK OF SCOTLAND GROUP PLC
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