ORIGIN ENERGY LIMITED — Capital/Financing Update 2016

Oct 11, 2016

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ToCompany Announcements OfficeCompanyASX LimitedFromHelen HardySubjectBeetaloo joint venture update	Facsimile1300 135 638
	Date12 October 2016
	Pages3

Please find attached a release on the above subject.

Regards

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Helen Hardy Company Secretary 02 8345 5000

Origin Energy Limited ACN 000 051 696  Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001  Telephone (02) 8345 5000  Facsimile (02) 9252 1566  www.originenergy.com.au

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ASX/Media Release

12 October 2016

Beetaloo joint venture update

Origin Energy Limited (Origin) has submitted a notification and initial report to the Northern Territory Department of Primary Industry and Resources to confirm the discovery of hydrocarbons at Amungee NW-1H, the final well in Stage 1 of the Beetaloo joint venture.

Production testing is underway and a further update will be provided once completed.

The notification and initial report of discovery are a requirement under the NT Petroleum Act and the details listed below satisfy the requirements of the Reporting a Petroleum Discovery Guideline .

Permit	EP98
Well	Amungee NW-1H
Data	Production test data supported by petrophysical log data and both
	full and sidewall core
Rate	Variable gas rates ranging from 0.8-1.2 mmscf/d (note that the well
	is also flowing back fracture stimulation fluid volumes, ranging from
	100-400 barrels per day)
Hydrocarbon properties	C1: ~95%, CO2: 2-4%, C2+: 1-3%
(initial estimates)
Physical properties of the	Thickness: 30m; Porosity: 4-7.5%; Gas saturation: 50-75%;
pool (initial estimates)	Permeability: 50-500 nD
Petroleum in place (initial	Evaluation underway
estimate)

For further information please contact:

Media Investors Stephen Ellaway Joanna Nelson Senior External Affairs Manager Group Manager, Investor Relations Ph: +61 2 9375 5834 Ph: +61 2 9375 5708 Mobile: +61 417 851 287 Mobile: +61 459 837 251

About Origin Energy

Origin Energy (ASX: ORG) is the leading Australian integrated energy company with market leading positions in energy retailing (approximately 4.2 million customer accounts), power generation (approximately 6,000 MW of capacity owned and contracted) and natural gas production (1,093 PJ of 2P reserves and annual production of 82 PJe).

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Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing Australia’s biggest CSG to LNG project based on the country’s largest 2P CSG reserves base.

www.originenergy.com.au