origin farm in, page-34

Well the half yearly was no real surprise we all pretty much knew those figures, but the farm in is brilliant imo.

Still holding a very very valuable assett while getting someone else to stump up the cash for all the difficult high risk stage....

And getting a partner on board that will make selling the gas to market much much easier...while retaining the oilly spots.

Personally ths is a huge positive. The market will take some time to digest this, but in my opinion that acerage just copped a $185-$250m cash injection of which we retain a good ashare of. Also im sure it will bring a lot of its development forward substantially. All of which are huge positives.

Sure we could have got more from an overseas party, but having Origin on board with its local infrastructure and connections surely adds a lot of value.

Im still digesting it myself and trying to place a value on it. Theres multiple methods of valueimg it, so i will ponder some more n it.