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Rojam

419 Posts.

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17/04/21

22:23

Post #: 52541883
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Originally posted by gavtech: ↑

BPT has a price sensitive announcement - Price review outcome and update on FY2021 guidance.

Origin will be paying more $$ per Gj

Price review outcome Origin has been engaged in a price review for gas purchased from Beach Energy’s Otway Basin fields, which was referred to arbitration. The arbitrator has now issued a partial award and on the basis of that decision the new gas price is likely to be materially above Origin’s expectations and recent comparable wholesale contracts. The outcome is expected to result in an increase in Origin’s cost of supply of $30-$40 million for FY2021, increasing further to $60-$80 million in FY2022 consistent with an expected increase in volume (see table below). The pricing outcome is binding over FY2021-FY2023 with limited rights to appeal. Origin will now assess the timing and extent to which this increased cost of supply can be mitigated.

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and the relevance to SXY?

SXY Price at posting: $3.25 Sentiment: Hold Disclosure: Held
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