ORIGN Energy has warned the markets that it expects to take a further $1.2 billion writedown for the second half of the 2017 fiscal year, largely due to its 37.5% investment in Australia Pacific LNG thanks to the ongoing weakness in oil prices.
APLNG.
The company said that APLNG is expected to recognise an impairment charge on its assets, of which Origin expects to carry $815 million post-tax. When the JV - Origin, ConocoPhillips and Sinopec...
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