6-K 1 d6k.htm FORM 6-K FORM 6-K

 


 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

Report to Foreign Issuer

 

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of March, 2003

 

Commission File Number:            

 


 

Origin Energy Limited

(Translation of registrant’s name into English)

 

Level 39

AMP Centre

50 Bridge Street

SYDNEY NSW 2000

(Address of principal executive offices)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F  x Form 40-F  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨            

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by Regulation S-T Rule 101(b)(1)(7):  ¨            

 

Note: Regulation S-T Rule 101(b)(1)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 


 

 

Page 1 of 48


 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes  ¨    No  x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

ORIGIN ENERGY LIMITED

By:

 

/s/    WILLIAM HUNDY        


Name:

Title:

 

William Hundy

Company Secretary

 

Date:  April 17, 2003

 

* Print the name and title of the signing officer under his Signature.

 

Page 2 of 48


 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

Appendix 3B

 

New issue announcement,

 

application for quotation of additional securities

 

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

 

Name of entity


ORIGIN ENERGY LIMITED


 

ABN


30 000 051 696


 

We (the entity) give ASX the following information.

 

Part 1—All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

     

1

  

+Class of +securities issued or to be issued

  

Ordinary Fully Paid Shares

           
     

2

  

Number of +securities issued or to be issued (if known) or maximum number which may be issued

  

355,100

     
           
     

3

  

Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

  

Fully Paid Ordinary Shares

     

 

 

Page 3 of 48


 

     

4


 

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

 

If the additional securities do not rank equally, please state:

  

Yes

   

·

  

the date from which they do

    
   

·

  

the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    
   

·

  

the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    
         
          
     

5

 

Issue price or consideration

  

261,200 @ $1.76

  83,900 @ $1.78

  10,000 @ $1.66

     
          
     

6

 

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

  

Issued as a result of the exercise of Options issued pursuant to the rules of the Origin Energy Senior Executive Option Plan (previously the Boral Limited Senior Executive Option Plan)

     
          
     

7

 

Dates of entering +securities into uncertificated holdings or despatch of certificates

  

3 March 2003

     
          
         
             

Number

  

+Class

         

8

 

Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

  

653,081,960

  

Ordinary

     

 

Page 4 of 48


 

     
         

Number

  

+Class

     

9

  

Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

  

11,604,700

  

Options

                

10

  

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

  

All Shares Participate Equally

 

Part 2 - Bonus issue or pro rata issue

 

     

11

  

Is security holder approval required?

  

N/A

     
           
     

12

  

Is the issue renounceable or non-renounceable?

  

N/A

     
           
     

13

  

Ratio in which the +securities will be offered

  

N/A

     
           
     

14

  

+Class of +securities to which the offer relates

  

N/A

     
           
     

15

  

+Record date to determine entitlements

  

N/A

     
           
     

16

  

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

  

N/A

     
           
     

17

  

Policy for deciding entitlements in relation to fractions

  

N/A

     
           
     

18




  

Names of countries in which the entity has +security holders who will not be sent new issue documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

  

N/A

     
           
     

19

  

Closing date for receipt of acceptances or renunciations

  

N/A

     

 

 

Page 5 of 48


 

     

20

  

Names of any underwriters

  

N/A

     
           
     

21

  

Amount of any underwriting fee or commission

  

N/A

     
           
     

22

  

Names of any brokers to the issue

  

N/A

     
           
     

23

  

Fee or commission payable to the broker to the issue

  

N/A

     
           
     

24

  

Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

  

N/A

     
           
     

25

  

If the issue is contingent on +security holders’ approval, the date of the meeting

  

N/A

     
           
     

26

  

Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

  

N/A

     
           
     

27

  

If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders

  

N/A

     
           
     

28

  

Date rights trading will begin (if applicable)

  

N/A

     
           
     

29

  

Date rights trading will end (if applicable)

  

N/A

     
           
     

30

  

How do +security holders sell their entitlements in full through a broker?

  

N/A

     
           
     

31

  

How do +security holders sell part of their entitlements through a broker and accept for the balance?

  

N/A

     

 

 

Page 6 of 48


 

     

32

  

How do +security holders dispose of their entitlements (except by sale through a broker)?

  

N/A

     
           
     

33

  

+Despatch date

  

N/A

     

 

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34

  

Type of securities

(tick one)

(a)

  

x

  

Securities described in Part 1

(b)

  

¨


  

All other securities

 

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

 

Tick to indicate you are providing the information or documents

35

  

¨

 

  

If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36

  

¨

 

  

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37

  

¨

 

  

A copy of any trust deed for the additional +securities

(now go to 43)

 

Page 7 of 48


 

Entities that have ticked box 34(b)

 

     

38

 

Number of securities for which +quotation is sought

         
     
               
     

39

 

Class of +securities for which quotation is sought

         
     
                    
     

40

 

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

         
   

·

  

the date from which they do

         
   

·

  

the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

         
   

·

  

the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

         
         
                    
     

41




 

Reason for request for quotation now

 

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another security, clearly identify that other security)

         
     
                    
         
             

Number

  

+Class

         

42

 

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

         
     

 

(now go to 43)

 

 

Page 8 of 48


 

All entities

 

Fees

 

43

  

Payment method (tick one)

    

¨

  

Cheque attached

    

¨


  

Electronic payment made

 

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

    

x


  

Periodic payment as agreed with the home branch has been arranged

 

Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

 

Quotation agreement

 

1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2   We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

 

Page 9 of 48


 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 

         

Sign here:

 
     

Date: 5 March 2003

   

Company Secretary

       

 

Print name: William M Hundy

 

Page 10 of 48


 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

APPENDIX 3B

 

New issue announcement,

 

application for quotation of additional securities

 

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

 

Name of entity


ORIGIN ENERGY LIMITED


 

ABN


30 000 051 696


 

We (the entity) give ASX the following information.

 

Part 1 – All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

     

1

  

+Class of +securities issued or to be issued

  

Ordinary Fully Paid Shares

     
           
     

2

  

Number of +securities issued or to be issued (if known) or maximum number which may be issued

  

20,000

     
           
     

3

  

Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

  

Fully Paid Ordinary Shares

     
           

 

 

Page 11 of 48


 

         

4

 

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

       

Yes

   

If the additional securities do not rank equally, please state:

         
   

·

  

the date from which they do

    
   

·

  

the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

    
   

·

  

the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    
         
               
         

5

 

Issue price or consideration

       

$1.66

         
               
         

6

 

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

       

Issued as a result of the exercise of Options issued pursuant to the rules of the Origin Energy Senior Executive Option Plan (previously the Boral Limited Senior Executive Option Plan)

         
               
         

7

 

Dates of entering +securities into uncertificated holdings or despatch of certificates

       

4 March 2003

         
               
         
             

Number

  

+Class

         

8

 

Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

       

653,101,960

  

Ordinary

         

 

Page 12 of 48


 

     
         

Number

  

+Class

     

9

  

Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

  

11,584,700

  

Options

     
                
     

10

  

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

  

All Shares Participate Equally

 

 

Part 2 - Bonus issue or pro rata issue

 

     

11

  

Is security holder approval required?

  

N/A

     
           
     

12

  

Is the issue renounceable or non-renounceable?

  

N/A

     
           
     

13

  

Ratio in which the +securities will be offered

  

N/A

     
           
     

14

  

+Class of +securities to which the offer relates

  

N/A

     
           
     

15

  

+Record date to determine entitlements

  

N/A

     
           
     

16

  

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

  

N/A

     
           
     

17

  

Policy for deciding entitlements in relation to fractions

  

N/A

     
           
     

18




  

Names of countries in which the entity has +security holders who will not be sent new issue documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

  

N/A

     

19

  

Closing date for receipt of acceptances or renunciations

  

N/A

     

 

 

Page 13 of 48


     

20

  

Names of any underwriters

  

N/A

           
     
           
     

21

  

Amount of any underwriting fee or commission

  

N/A

     
           
     

22

  

Names of any brokers to the issue

  

N/A

     
           
     

23

  

Fee or commission payable to the broker to the issue

  

N/A

     
           
     

24

  

Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

  

N/A

     
           
     

25

  

If the issue is contingent on +security holders’ approval, the date of the meeting

  

N/A

     
           
     

26

  

Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

  

N/A

     
           
     

27

  

If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders

  

N/A

     
           
     

28

  

Date rights trading will begin (if applicable)

  

N/A

     
           
     

29

  

Date rights trading will end (if applicable)

  

N/A

     
           
     

30

  

How do +security holders sell their entitlements in full through a broker?

  

N/A

     
           
     

31

  

How do +security holders sell part of their entitlements through a broker and accept for the balance?

  

N/A

     

 

 

Page 14 of 48


     

32

  

How do +security holders dispose of their entitlements (except by sale through a broker)?

  

N/A

     
           
     

33

  

+Despatch date

  

N/A

           
     

 

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34

 

Type of securities

(tick one)

(a)

 

x

  

Securities described in Part 1

(b)

 

¨


  

All other securities

 

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

 

Tick to indicate you are providing the information or documents

 

   

35

 

¨

  

If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

   

36

 

¨

  

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

   

37

 

¨

  

A copy of any trust deed for the additional +securities

 

(now go to 43)

 

Page 15 of 48


 

Entities that have ticked box 34(b)

 

     

38

 

Number of securities for which +quotation is sought

         
               
     
               
     

39

 

Class of +securities for which quotation is sought

         
     
               
     

40

 

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

         
               
   

If the additional securities do not rank equally, please state:

         
   

·

  

the date from which they do

         
   

·

  

the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

         
   

·

  

the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

         
         
               
     

41




 

Reason for request for quotation now

 

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another security, clearly identify that other security)

         
     
               
         
             

Number

  

+Class

         

42

 

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

         
     

 

(now go to 43)

 

 

Page 16 of 48


 

All entities

 

Fees

 

43

  

Payment method (tick one)

    

¨

 

  

Cheque attached

    

¨

 

  

Electronic payment made

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

    

x

 

  

Periodic payment as agreed with the home branch has been arranged

Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

 

Quotation agreement

 

1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2   We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

 

Pager 17 of 48


 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 

Sign here:

 
     

Date: 5 March 2003        

   

Company Secretary

           

 

Print name: William M Hundy

 

Page 18 of 48


 

[LOGO]

 

ASX Release

 

5 March 2003

 

Hovea 7 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that subsequent to the completion of the Hovea 7 well and the removal of the Century drilling rig to the Eremia 1 location, the well has been perforated and an initial flow test performed. The initial flow results, together with the results of through casing logs (CNL) suggest that the southern end of the field in the Hovea 7 area contains a gas cap overlying the oil zone. This is unlikely to have a material effect on the size of the oil reserves. The current program at the well is acquiring pressure data prior to a possible production test.

 

The Century drilling rig has now been moved to the Eremia 1 location and the well is expected to spud within the next 24 hours. The Eremia 1 exploration well is a vertical exploration well targeting multiple Permian targets in a fault dependent anticlinal closure. The well is located approximately 2.5 kilometres west of the Hovea Production Facility.

 

Participants in Hovea 7 and Eremia 1 are as follows:

 

Origin Energy Developments Pty Limited*

  

50.00%

Arc Energy NL (Operator)

  

50.00%

 

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

Dr Rob Willink

General Manager – Exploration

Phone: 07 3858 0676

Email: rob.willink@upstream.originenergy.com.au

 

 

Page 19 of 48


 

Rule 3.19A.2

 

Appendix 3Y

 

Change of Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 


Name of entity

 

  

ORIGIN ENERGY LIMITED

 


ABN

  

1000 051 696

 


 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 


Name of Director

 

  

                Colin B Carter

 


Date of last notice

 

  

                2 January 2002

 


 

Part 1—Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 


Direct or indirect interest

 

Direct and Indirect

 

 


Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

Shares held in:

•      Colangie Nominees Pty Ltd – Colin Carter a Director

 

 

 


Date of change

 

5 March 2003

 


No. of securities held prior to change

 

11,000        Ordinary Fully Paid Shares held indirectly

 


Class

 

Ordinary

 


Number acquired

 

5,000

 


Number disposed

 

Nil

 


Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

 

$4.18

 


No. of securities held after change


 

5,000          Ordinary Fully Paid Shares held directly

11,000        Ordinary Fully Paid Shares held indirectly

 


Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

 

On-market trade


 

Page 20 of 48


 

Media Release

 

10 March 2003

 

Origin Energy responds to NECA report

 

The National Electricity Code Administrator Ltd (NECA) has released a report today into the events in the national electricity market on Saturday 25 January 2003.

 

The Report indicates that, for a limited time during this period, Origin Energy Electricity Limited breached the requirement for generators to be at all times able to comply with their latest generation dispatch offers under the National Electricity Code (the Code) in relation to its operations at the Ladbroke Grove Power Station in the South East. Origin agrees that it has breached the Code.

 

On Saturday 25 January 2003, Unit 1 of Origin’s Ladbroke Grove Power Station suffered a minor technical fault and tripped out. During the 90 minute period the unit was off-line, Origin’s duty trader bid the unit into the market thereby indicating that the unit was still available. This action was in breach of Origin’s own operating procedures and resulted in a breach of the Code. The Company procedure requires that following such a unit trip, that unit be withdrawn from the market until the fault is rectified.

 

As NEMMCO did not call upon the unit while it was offline, the bid had no impact on the market price.

 

Tony Wood, General Manager Public and Government Affairs said, “Origin regrets this breach of the Code and has taken steps to ensure it will not re-occur. This was a genuine error in administering the procedures of the company and the Code, and occurred on a day when there were other significant issues in the South Australian energy markets.

 

Origin is committed to ensuring compliance in its business activities and is taking this issue very seriously.”

 

Ends

 

For further information contact:

 

Tony Wood

General Manager Public & Govt Affairs

Origin Energy

Mobile 0419 642 098

Email: tony.wood@originenergy.com.au

 

Page 21 of 48


 

ASX Release

 

12 March 2003

 

Origin Energy US Private Placement Debt Issue

 

Origin Energy today completed the issue of USD250 million of senior unsecured notes into the US private placement market. The notes were issued in three tranches maturing 2010, 2015 and 2018. The proceeds from the notes have been fully converted to Australian dollars and all future US dollar and US interest rate exposure arising from the notes has been fully hedged.

 

Frank Calabria, Chief Financial Officer of Origin Energy said “The issue diversifies Origin’s sources of funding and significantly lengthens the debt maturity profile of the company. The transaction provides long term certainty of debt financing without any increase in financing margins compared to Origin’s existing domestic medium term financing facilities. Proceeds from the issue have been used to repay existing bank debt. This issue combined with the company’s strong cash flow means that Origin continues to be well placed to take advantage of further growth opportunities.”

 

Joint Lead Arrangers to the Issue were Banc of America Securities and Westpac Institutional Bank.

 

Origin Energy Limited is currently rated by Fitch Ratings as A-/Stable and by Standard and Poor’s as BBB+/Stable.

 

For further information on this release, please contact:

 

Frank Calabria

Chief Financial Officer

Origin Energy

Ph (02) 9220 6567

 

Investor relations enquires please contact:

 

Angus Guthrie

Manager, Investor Relations

Origin Energy

Ph (02) 9220 6558 or mobile 0417 864 255

 

Page 22 of 48


 

[LOGO]

 

ASX Release

 

13 March 2003

 

Eremia 1 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that drilling of the exploration well Eremia 1 operated by ARC Energy NL and located in the onshore Perth Basin Production Licence L1, commenced on Friday 7 March. As at 0600 hrs WST the well was drilling ahead at 1433 metres. It is anticipated that the first reservoir objective in the well, the Dongara Sandstone, will be encountered over the coming weekend.

 

Eremia 1 is a vertical exploration well targeting multiple reservoir objectives in the Permian section in a fault dependent anticlinal closure located approximately 2.5 kilometres west of the Hovea Production Facility.

 

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields), and Eremia 1 are:

 

Origin Energy Developments Pty Limited*

 

50.00%

Arc Energy NL (Operator)

 

50.00%

 

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

Dr Rob Willink

General Manager – Exploration

Phone: 07 3858 0676

Email: rob.willink@upstream.originenergy.com.au

 

Page 23 of 48


 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

APPENDIX 3B

 

New issue announcement,

application for quotation of additional securities

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

 

Name of entity


ORIGIN ENERGY LIMITED


 

ABN


30 000 051 696


 

We (the entity) give ASX the following information.

 

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

     

1

  

+Class of +securities issued or to be issued

  

Ordinary Fully Paid Shares

     
           
     

2

  

Number of +securities issued or to be issued (if known) or maximum number which may be issued

  

15,000

     
           
     

3

  

Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

  

Fully Paid Ordinary Shares

     

 

 

Page 24 of 48


 

     

4


  

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

 

  

Yes

 

 

 

 

 

 

    

Ÿ

  

the date from which they do

         
    

Ÿ

  

the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

         
    

Ÿ

  

the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    
         
                     

5

  

Issue price or consideration

  

$1.66

     
                     

6

  

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

  

Issued as a result of the exercise of Options issued pursuant to the rules of the Origin Energy Senior Executive Option Plan (previously the Boral Limited Senior Executive Option Plan)

     
                     
     

7


  

Dates of entering +securities into uncertificated holdings or despatch of certificates

 

  

14 March 2003

 

 

     
                     
     
         

Number

  

+Class

     

8

  

Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

  

653,116,960

  

Ordinary

     

 

Page 25 of 48


 

     
         

Number

  

+Class

     

9

  

Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)

  

11,569,700

  

Options

     
                

10

  

Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

  

All Shares Participate Equally

     

Part 2 - Bonus issue or pro rata issue

11

  

Is security holder approval required?

  

N/A

     
                

12

  

Is the issue renounceable or non-renounceable?

  

N/A

     
                

13

  

Ratio in which the +securities will be offered

  

N/A

     
                
     

14

  

+Class of +securities to which the offer relates

  

N/A

     
                
     

15

  

+Record date to determine entitlements

  

N/A

     
                
     

16

  

Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

  

N/A

     
                
     

17

  

Policy for deciding entitlements in relation to fractions

  

N/A

     
                

18




  

Names of countries in which the entity has +security holders who will not be sent new issue documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

  

N/A

     
                
     

19

  

Closing date for receipt of acceptances or renunciations

  

N/A

     

 

 

Page 26 of 48


 

     

20

  

Names of any underwriters

  

N/A

     
           
     

21

  

Amount of any underwriting fee or commission

  

N/A

     
           
     

22

  

Names of any brokers to the issue

  

N/A

     
           

23

  

Fee or commission payable to the broker to the issue

  

N/A

     
           
     

24

  

Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

  

N/A

     
           
     

25

  

If the issue is contingent on +security holders’ approval, the date of the meeting

  

N/A

     
           
     

26

  

Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled

  

N/A

     
           
     

27

  

If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders

  

N/A

     
           
     

28

  

Date rights trading will begin (if applicable)

  

N/A

     
           
     

29

  

Date rights trading will end (if applicable)

  

N/A

     
           
     

30

  

How do +security holders sell their entitlements in full through a broker?

  

N/A

     
           
     

31

  

How do +security holders sell part of their entitlements through a broker and accept for the balance?

  

N/A

     

 

 

Page 27 of 48


 

     

32

  

How do +security holders dispose of their entitlements (except by sale through a broker)?

  

N/A

     

33

  

+Despatch date

  

N/A

     

 

Part 3—Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34

  

Type of securities

(tick one)

(a)

  

x

  

Securities described in Part 1

(b)

  

¨


  

All other securities

 

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

 

Tick to indicate you are providing the information or documents

 

35

 

¨

  

If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36

 

¨

  

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1—1,000

1,001—5,000

5,001—10,000

10,001—100,000

100,001 and over

37

 

¨

  

A copy of any trust deed for the additional +securities

 

(now go to 43)

 

Page 28 of 48


 

Entities that have ticked box 34(b)

 

     

38

  

Number of securities for which +quotation is sought

    
     
                    
     

39

  

Class of +securities for which quotation is sought

    
     
                    
     

40

  

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

    
    

If the additional securities do not rank equally, please state:

    
    

Ÿ

 

the date from which they do

         
    

Ÿ

 

the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

         
    

Ÿ

 

the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    
         
                    
     

41

  

Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

    
     
                    
     
         

Number

  

+Class

     

42

  

Number and +class of all +securities quoted on ASX (including the securities in clause 38)

    
     

(now go to 43)

 

 

Page 29 of 48


 

All entities

 

Fees

 

43

  

Payment method (tick one)

    

¨

  

Cheque attached

    

¨

  

Electronic payment made

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

    

x

  

Periodic payment as agreed with the home branch has been arranged

Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

 

Quotation agreement

 

1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2   We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

 

Page 30 of 48


 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 

Sign here:

 
     

Date: 14 March 2003

   

Company Secretary

       

 

Print name:    William M Hundy

 

Page 31 of 48


 

To

 

Company Announcements Office

       

Facsimile

 

1300 300 021


   

Company

 

Australian Stock Exchange Limited

       

Date

 

18 March 2003


   

From

 

Bill Hundy

       

Pages

 

2


   

Subject

 

SHAREHOLDER CORRESPONDENCE

   

 

In accordance with Listing Rule 3.17 please find attached the following correspondence being sent to all Origin Energy shareholders:

 

    Letter regarding Dividend Reinvestment Plan

 

Regards

 

/s/ Bill Hundy


Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au

 

Page 32 of 48


 

24 March 2003

 

Dear Shareholder

 

DIVIDEND REINVESTMENT PLAN (DRP) - CHANGE OF DISCOUNT

 

Under the DRP shares allotted have been issued at a discount of 5% to the volume weighted average market price (VWAP) in the five days prior to books close. This discount has applied in respect of the last two dividends.

 

The Board has announced that the level of dividend will be increased to a target rate of 40% of net earnings per share, irrespective of the level of franking credits available. Consequently, the Board has decided to reduce the level of discount under the DRP to 2.5% which will apply to future dividends paid. This will be calculated on the VWAP for the five days of trading up to and including the books closing date.

 

Should you wish to participate in the DRP or change your participation for future dividends you should complete and return the DRP election form enclosed. If you do not return this form your existing dividend election will be retained. The completed form should be signed by you and returned in the reply paid envelope before the books closing date of the next dividend.

 

If you have any questions about this dividend or the DRP please call the Share Registry on 1300 664 446. Copies of the DRP terms and conditions can be obtained by calling this number or can be accessed on our website www.originenergy.com.au.

 

Yours sincerely

 

/s/    W M Hundy        


W M Hundy

Company Secretary

 

Page 33 of 48


 

[LOGO]

 

ASX Release

 

20 March 2003

 

Eremia 1 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that the exploration well Eremia 1 operated by ARC Energy NL and located in the onshore Perth Basin Production Licence L1, was at 0600 hours WST preparing to run 9 5/8 inch casing at a depth of 2161 metres.

 

The top of the Dongara Sandstone was encountered at 2095 metres measured depth, 23 metres high to prognosis. Good oil shows were noted down to 2110 metres measured depth. Interpretation of wireline logs and pressure measurements has confirmed that the well has intersected an oil column of at least 15 metres and possibly up to 18 metres in excellent quality Dongara Sandstone reservoir.

 

Once casing has been run the Eremia 1 well will be deepened in 8½ inch hole to a proposed total depth of 2700 metres to intersect deeper reservoir targets, known to be gas bearing in the nearby Hovea Field.

 

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields), and Eremia 1 are:

 

Origin Energy Developments Pty Limited*

  

50.00%

Arc Energy NL (Operator)

  

50.00%

 

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

Dr Rob Willink

General Manager – Exploration

Phone: 07 3858 0676

Email: rob.willink@upstream.originenergy.com.au

 

Page 34 of 48


 

ASX Release

 

25 March 2003

 

Origin appoints Helen Nugent as Non-Executive Director

 

The Board of Origin Energy today appointed Dr Helen Nugent as a non-executive director of the Company.

 

In announcing the appointment, the Chairman of Origin, Mr Kevin McCann, said that he was pleased to be able to appoint a director with the qualifications and experience of Dr Nugent.

 

“Helen Nugent comes to Origin with knowledge and experience of both the generating and retail gas and electricity industry. Her risk management background is particularly relevant for Origin’s gas and electricity retail operation. We are very pleased to retain a director of her calibre,” he said.

 

Dr Nugent was previously Director of Strategy for Westpac from 1994 to 1999 and a director of United Energy from 1999 to 2001. She was a partner at McKinsey & Company and Professor in Management and Director of the MBA Program at the Australian Graduate School of Management, University of New South Wales. She is currently a director of Macquarie Bank, Australia Post and UNiTAB as well as being Chairman of Swiss Re Australia. She holds a Bachelor of Arts (first class honours) and a Doctorate of Philosophy from the University of Queensland as well as a Masters of Business Administration (Distinction) from the Harvard Business School.

 

Dr Nugent has also been appointed a member of Origin’s Audit Committee. Her appointment to the Board of Origin as a non-executive director increases the number of directors to seven, with five non-executive directors.

 

For further information on this release, please contact:

 

Mr Kevin McCann

Chairman

Origin Energy

Ph (02) 9230 4983

 

Page 35 of 48


 

Rule 3.19A.1

 

APPENDIX 3X

 

Initial Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 


Name of entity

 

 

ORIGIN ENERGY LIMITED

 


ABN

 

 

30 000 051 696

 


 

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

 


Name of Director

 

  

Helen M Nugent

 


Date of appointment

 

  

25 March 2003

 


 

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 


Number & class of securities

 

2,000 Ordinary Fully Paid Shares

 


 

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Name of holder & nature of interest

Note: Provide details of the circumstances giving

rise to the relevant interest.

  

    Number & class of Securities

 

Page 36 of 48


 

Rule 3.19A.2

 

APPENDIX 3Y

 

Change of Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 


Name of entity

 

 

ORIGIN ENERGY LIMITED

 


ABN

 

 

30 000 051 696

 


 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 


    

Bruce Beeren

                Name of Director

    

Date of last notice

 

  

22 October 2002

 


 

Part 1 – Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 

Direct or indirect interest

 

  

Direct and Indirect

 


Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

  

Shares held in:

·     Starlay Pty Ltd

·     Enersist Pty Ltd

 


Date of change

 

  

24 March 2003

 


No. of securities held prior to change






  

11,098 Ordinary Fully Paid Shares held directly

57,508 Ordinary Fully Paid Shares held indirectly

650,000 Origin Energy Limited Options held directly

 


Class

 

  

Ordinary

 


Number acquired

 

  

858

 


Number disposed

 

  

Nil

 


Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

  

$4.009958


 

Page 37 of 48



No. of securities held after change


  

11,237 Ordinary Fully Paid Shares held directly

58,227 Ordinary Fully Paid Shares held indirectly

650,000 Origin Energy Limited Options held directly

 


Nature of change

    

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

  

Issue of securities under Dividend Reinvestment Plan


 

Part 2 – Change of director’s interests in contracts

 


Detail of contract

 

  

N/A

 


Nature of interest

 

 

  

N/A

 

 


Name of registered holder

(if issued securities)

 

  

N/A

 


Date of change

 

  

N/A

 


No. and class of securities to

which interest related prior to

change

Note: Details are only required

for a contract in relation to

which the interest has changed

 

  

N/A

 


Interest acquired

 

  

N/A

 


Interest disposed

 

  

N/A

 


Value/Consideration

Note: If consideration is non-cash,

provide details and an estimated

valuation

 

 

  

N/A

 


Interest after change

  

N/A


 

Page 38 of 48


 

Rule 3.19A.2

 

APPENDIX 3Y

 

Change of Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 


Name of entity

 

 

ORIGIN ENERGY LIMITED

 


ABN

 

 

30 000 051 696

 


 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 


    

Grant A King

        Name of Director

    

Date of last notice

 

  

19 December 2002

 


 

Part 1 – Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 


Direct or indirect interest

 

  

Direct and Indirect

 


Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

  

Shares held in:

·     Austrust G A King Private Superannuation Fund

·     Fabco Investments Pty Limited

·     Origin Energy Executive Share Plan

 


Date of change

 

  

24 March 2003

 


No. of securities held prior to change


  

22,477 Ordinary Fully Paid Shares held directly

77,553 Ordinary Fully Paid Shares held indirectly

1,586,750 Origin Energy Limited Options held directly

 


Class

 

  

Ordinary

 


Number acquired

 

  

956

 


Number disposed

 

  

Nil

 


Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

  

$4.009958

 


 

Page 39 of 48


 


No. of securities held after change


  

22,809 Ordinary Fully Paid Shares held directly

78,177 Ordinary Fully Paid Shares held indirectly

1,586,750 Origin Energy Limited Options held directly

 


Nature of change

    

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

 

  

Issue of securities under Dividend Reinvestment

Plan

 


 

Part 2 – Change of director’s interests in contracts

 


Detail of contract

 

  

N/A

 


Nature of interest

 

  

N/A

 


Name of registered holder

(if issued securities)

 

  

N/A

 


Date of change

 

  

N/A

 


No. and class of securities to

which interest related prior to

change

Note: Details are only required

for a contract in relation to

which the interest has

changed

 

  

N/A

 


Interest acquired

 

  

N/A

 


Interest disposed

 

  

N/A

 


Value/Consideration

Note: If consideration is non-cash,

provide details and an estimated

valuation

 

  

N/A

 


Interest after change

 

  

N/A

 


 

Page 40 of 48


 

Rule 3.19A.2

 

APPENDIX 3Y

 

Change of Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 


Name of entity

 

ORIGIN ENERGY LIMITED


ABN

 

30 000 051 696


 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 


    

Trevor Bourne

 

        Name of Director

    

Date of last notice

 

  

22 October 2002

 


 

Part 1 – Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 


Direct or indirect interest

  

Direct interest in Origin Energy Limited shares

 


Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

  

—  


Date of change

 

  

24 March 2003

 


No. of securities held prior to change

 

  

16,452

 


Class

 

  

Ordinary

 


Number acquired

 

  

206

 


Number disposed

 

  

Nil

 


Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

  

$4.009958


No. of securities held after change

 

  

16,658

 


 

Page 41 of 48


 


Nature of change

   

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

 

Issue of securities under Dividend Reinvestment Plan


 

Part 2 – Change of director’s interests in contracts

 


Detail of contract

 

N/A

 


Nature of interest

 

N/A

 


Name of registered holder

(if issued securities)

 

 

N/A

 


Date of change

 

N/A

 


No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

 

 

N/A

 


Interest acquired

 

N/A

 


Interest disposed

 

N/A

 


Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

 

 

N/A

 


Interest after change

 

N/A

 


 

Page 42 of 48


 

Rule 3.19A.2

 

APPENDIX 3Y

 

Change of Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 


Name of entity

 

  

ORIGIN ENERGY LIMITED

 


ABN

 

  

30 000 051 696

 


 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 


Name of Director

 

  

                        James Roland Williams

 


Date of last notice

  

                        22 October 2002


 

Part 1 – Change of director’s relevant interests in securities

 

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 


Direct or indirect interest

 

 

Direct interest in Origin Energy Limited shares

 


Nature of indirect interest

   

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

 

 


Date of change

 

24 March 2003

 


No. of securities held prior to change

 

16,966

 


Class

 

Ordinary

 


Number acquired

 

212

 


Number disposed

 

Nil

 


Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

 

$4.009958

 


No. of securities held after change

 

17,178

 


 

Page 43 of 48


 


Nature of change

   

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

 

Issue of securities under Dividend Reinvestment Plan


 

Part 2 – Change of director’s interests in contracts

 


Detail of contract

 

N/A

 


Nature of interest

 

N/A

 


Name of registered holder

(if issued securities)

 

 

N/A

 


Date of change

 

N/A

 


No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

 

 

N/A


Interest acquired

 

N/A

 


Interest disposed

 

N/A

 


Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

 

 

N/A

 


Interest after change

 

 

N/A


 

Page 44 of 48


 

Rule 3.19A.2

 

APPENDIX 3Y

 

Change of Director’s Interest Notice

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 30/9/2001.

 

Name of entity

  

ORIGIN ENERGY LIMITED


ABN

  

30 000 051 696


 

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 

Name of Director

  

H Kevin McCann

Date of last notice

  

22 October 2002

 

Part 1—Change of director’s relevant interests in securities

 

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

 


Direct or indirect interest

 

Direct and Indirect


Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

 

Shares held in:

•      Cottesloe Pty Ltd

•      H J McCann Investments Pty Ltd

•      D M McCann


Date of change

 

24 March 2003


No. of securities held prior to change

 

1,549       OrdinaryFully Paid Shares held directly

200,154   Ordinary Fully Paid Shares held indirectly


Class

 

Ordinary


Number acquired

 

2,517


Number disposed

 

Nil


Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

 

$4.009958


 

Page 45 of 48



No. of securities held after change

 

 

2,569     Ordinary Fully Paid Shares held directly

201,651 Ordinary Fully Paid Shares held indirectly


Nature of change

   

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

 

 

Issue of securities under Dividend Reinvestment Plan

 


 

Part 2 – Change of director’s interests in contracts

 


Detail of contract

  

N/A


Nature of interest

  

N/A


Name of registered holder

(if issued securities)

  

N/A


Date of change

  

N/A


No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

  

N/A


Interest acquired

  

N/A


Interest disposed

  

N/A


Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

  

N/A


Interest after change

  

N/A


 

Page 46 of 48


 

[LOGO]

 

ASX Release

 

28 March 2003

 

Eremia 1 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that the exploration well Eremia 1 operated by ARC Energy NL and located in the onshore Perth Basin Production Licence L1, was at 0600 hours WST completing abandonment activities at a total depth of 2550m.

 

Eremia 1 intersected an oil column of at least 15 metres and possibly up to 18 metres in excellent quality Dongara Sandstone reservoir. This zone was subsequently cased for future production and the well drilled ahead in 8 ½ inch hole. The Irwin River Coal Measures sequence and High Cliff Sandstone, gas bearing in the nearby Hovea Field, are interpreted from wireline logs to be water bearing at the Eremia location.

 

Cement plugs will now be run to isolate these zones prior to the well being completed for production from the Dongara Sandstone oil reservoir.

 

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields), and Eremia 1 are:

 

Origin Energy Developments Pty Limited*

  

50.00%

Arc Energy NL (Operator)

  

50.00%

 

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

Dr Rob Willink

General Manager – Exploration

Phone: 07 3858 0676

Email: rob.willink@upstream.originenergy.com.au

 

Page 47 of 48