OilVoice - Origin Energy Provides BassGas Project Update

Origin Energy Provides BassGas Project Update

Wednesday, December 31, 2008

Origin Energy Resources Ltd (“Origin”) as Operator of the BassGas Joint Venture advises that production of sales gas has returned to normal operating levels, together with production of associated LPG and condensate.

Production had been reduced to one-third of normal operating levels when the Yolla 4 well was shut in following the automatic hydraulic closure of a sub-surface safetyvalve in November 2008. The well has since returned to service following the completion of remedial work, with both the Yolla 3 and Yolla 4 wells now available to support production at the BassGas facility.

Project participants are:
Origin Energy Resources Limited* 37.5% (Operator)
Origin Energy Northwest Limited* 5.0%
AWE Petroleum Pty Ltd** 30.0%
ARC (BassGas) Pty Ltd** 12.5%
CalEnergy Gas (Australia) Limited 15.0%

* A wholly owned subsidiary of Origin Energy Limited
** A wholly owned subsidiary of Australian Worldwide Exploration Limited