Origin weighs capital raising

Posted on: Mon, 02 Nov 2009 18:10:00 EST


Symbols: COP
Nov 02, 2009 (The Age - ABIX via COMTEX) --
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

For full details on ConocoPhillips (COP) COP. ConocoPhillips (COP) has Short Term PowerRatings at TradingMarkets. Details on ConocoPhillips (COP) Short Term PowerRatings is available at This Link.

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