good day for this little darling :)))

Nice day for this little darling :))) Not even the All Ordinaries 4832.1 -23.3 or the Friday profit takers could bring this beautie down... :))))


QUEENSLAND GAS COMPANY WELCOMES ORIGIN AS A PARTNER
IN THE ARGYLE PROJECT


Queensland Gas Company (QGC) today welcomed the announcement yesterday from Origin
Energy that it had purchased a 41 per cent stake of the Argyle Project which is majority owned
and operated by QGC.
Origin Energy paid a consideration of $70 million, and faces an additional $20 million in
development capital expenditure for their share of the Incitec Pivot gas supply contract, due to
commence in 2007.
QGC Managing Director Richard Cottee said, “QGC recognises the synergies the Argyle
gasfield offers to Origin, which owns and operates the adjacent Talinga Project”.
“The acquisition by Origin confirms our view of the high potential and value of the Argyle
Project. As the Argyle Project Operator and the majority owner of the Argyle tenements, QGC
looks forward to working with Origin as we move towards production”, Mr Cottee said.


T10 :)