News: ORG Origin Energy Raises APLNG FY2020 Production Guidance TO 690 – 710 PJ

Nov 20 (Reuters) - Origin Energy Ltd (ORG) :

• TARGETING MORE THAN $150 MILLION ORIGIN-WIDE COST OUT BY FY2021
• MORTLAKE UNIT REPAIR ON TRACK, EXPECTING RETURN TO SERVICE BY 20 DECEMBER 2019
• TARGETING >25% OWNED AND CONTRACTED CAPACITY FROM RENEWABLES AND STORAGE BY 2020
• INCREASES APLNG FY2020 PRODUCTION GUIDANCE TO 690 – 710 PJ
• REVISES ENERGY MARKETS UNDERLYING EBITDA FY20 GUIDANCE TO A$1,400 MILLION– A$1,500 MILLION
• APLNG TOTAL CAPEX AND OPEX PER GIGAJOULE NOT EXPECTED TO INCREASE MATERIALLY OVER NEXT 3-5 YEARS
• BEETALOO PROGRESSING WELL, FIRST RESULTS EXPECTED Q4 FY2020
• ACTIVELY CONSIDERING OTHER ONSHORE AUSTRALIAN GROWTH OPPORTUNITIES