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ORIGIN BUYS STAKE IN QUEENSLAND COAL SEAM GAS PROJECT.

AsiaPulse News

| February 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MELBOURNE, Feb 1 Asia Pulse - Gas and electricity retailer and producer Origin Energy Ltd (ASX:ORG) has bought into the Argyle coal seam gas project in south west Queensland for $A70 million ($US53.0 million).

Origin has purchased a 40.625 per cent stake in the Argyle and Lauren projects along with interests in other assets from Pangaea Oil and Gas Pty Ltd.

The deal includes a 40.625 per cent stake in a pipeline licence that will allow direct access to the main gas trunkline to ...

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