6-K 1 d6k.htm FORM 6-K FORM 6-K
Table of Contents

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

Report to Foreign Issuer

 

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the period from August 22, 2003 to September 17, 2003

 

Commission File Number:                    

 


 

Origin Energy Limited

(Translation of registrant’s name into English)

 


 

Level 39

 

AMP Centre

50 Bridge Street

SYDNEY NSW 2000

 

(Address of principal executive offices)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  x     Form 40-F  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):            

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by Regulation S-T Rule 101(b)(1)(7):            

 

Note: Regulation S-T Rule 101(b)(1)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes  ¨    No  x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

 



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INDEX TO EXHIBITS

 

Item

    
1.    ASX Announcement “Appendix 3B Notice” – and attached Appendix 3B Notice dated, August 22, 2003.
2.    ASX Release “ Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia”, dated August 25, 2003.
3.    ASX Release “Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia”, dated August 28, 2003.
4.    ASX Release “Onshore Taranaki Basin New Zealand – Tuihu – 1A Re – Entry Commences”, dated September 1, 2003.
5.    ASX Announcement “Substantial Holder – Change of Interests” – and attached Form 604 – Notice of Change of Interests of Substantial Holder, dated September 3, 2003.
6.    ASX Announcement “ Appendix 3B Notice” – and attached Appendix 3B Notice, dated September 3, 2003.
7.    ASX Release “Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia”, dated September 2003
8.    ASX Release “Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia”, dated September 8, 2003
9.    ASX Release “Onshore Taranaki Basin New Zealand – Tuihu – 1a Weekly Progress Report”, dated September 9, 2003.
10.    ASX Announcement “Oil Company of Australia – Reserves Upgrade in Durham” – and attached ASX Release “Reserves Upgrade in Durham dated, September 10, 2003.
11.    ASX Release “ Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia”, dated September 11, 2003.
12.    ASX Announcement “Substantial Holder – Change of Interests” and attached Form 604 – Notice of Change of Interests of Substantial Holder, dated September 12, 2003.
13.    ASX Announcement “Appendix 3B Notice” – and attached Appendix 3B Notice dated, September 12, 2003.

 

The information contained in this report is incorporated by reference into the Registration Statement on Form F-3 (file no. 333 – 103886).


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[GRAPHIC APPEARS HERE]

 

Item 1

 

To    Company Announcements Office    Facsimile    1300 300 021
Company    Australian Stock Exchange Limited    Date    22 August 2003
From    Bill Hundy    Pages    9
Subject    APPENDIX 3B NOTICE          

 

Please find attached an Appendix 3B regarding the exercise of options under the Senior Executive Option Plan.

 

Regards

 

[GRAPHIC APPEARS HERE]

 

Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

Appendix 3B

New issue announcement


 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

Appendix 3B

 

New issue announcement,

application for quotation of additional securities

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

 

Name of entity

ORIGIN ENERGY LIMITED

 

ABN

30 000 051 696

 

We (the entity) give ASX the following information.

 

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 

1

        +Class of +securities issued or to be issued    Ordinary Fully Paid Shares

2

        Number of +securities issued or to be issued (if known) or maximum number which may be issued    31,000

3

        Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)    Fully Paid Ordinary Shares

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 4


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Appendix 3B

New issue announcement


 

4

   Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?    Yes    
    

If the additional securities do not rank equally, please state:

 

•      the date from which they do

 

•      the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

 

•      the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

        

5

   Issue price or consideration   

16,000 @ $1.76

15,000 @ $1.66

   

6

  

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

   Issued as a result of the exercise of Options issued pursuant to the rules of the Origin Energy Senior Executive Option Plan (previously the Boral Limited Senior Executive Option Plan)

7

   Dates of entering +securities into uncertificated holdings or despatch of certificates    22 August 2003    
          Number   +Class

8

   Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)    657,886,151   Ordinary

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 5


Table of Contents

Appendix 3B

New issue announcement


 

          Number    +Class
9    Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)    11,335,600    Options
10    Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)    All Shares Participate Equally
Part 2 - Bonus issue or pro rata issue          
11    Is security holder approval required?    N/A     
12    Is the issue renounceable or non-renounceable?    N/A     
13    Ratio in which the +securities will be offered    N/A     
14    +Class of +securities to which the offer relates    N/A     
15    +Record date to determine entitlements    N/A     
16    Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?    N/A     
17    Policy for deciding entitlements in relation to fractions    N/A     
18   

Names of countries in which the entity has +security holders who will not be sent new issue documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

   N/A     
19    Closing date for receipt of acceptances or renunciations    N/A     

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 6


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Appendix 3B

New issue announcement


 

20    Names of any underwriters    N/A
21    Amount of any underwriting fee or commission    N/A
22    Names of any brokers to the issue    N/A
23    Fee or commission payable to the broker to the issue    N/A
24    Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders    N/A
25    If the issue is contingent on +security holders’ approval, the date of the meeting    N/A
26    Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled    N/A
27    If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders    N/A
28    Date rights trading will begin (if applicable)    N/A
29    Date rights trading will end (if applicable)    N/A
30    How do +security holders sell their entitlements in full through a broker?    N/A
31    How do +security holders sell part of their entitlements through a broker and accept for the balance?    N/A

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 7


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Appendix 3B

New issue announcement


 

32    How do +security holders dispose of their entitlements (except by sale through a broker)?    N/A
33    +Despatch date    N/A

 

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34   

Type of securities

(tick one)

(a)    x    Securities described in Part 1
(b)    ¨   

All other securities

 

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

 

Tick to indicate you are providing the information or documents

 

35   ¨    If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36   ¨   

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37   ¨    A copy of any trust deed for the additional +securities

 

(now go to 43)

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 8


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Appendix 3B

New issue announcement


 

Entities that have ticked box 34(b)

 

38   Number of securities for which +quotation is sought        
39   Class of +securities for which quotation is sought        
40  

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

 

If the additional securities do not rank equally, please state:

       
    Ÿ    the date from which they do        
    Ÿ    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment        
    Ÿ    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment        
41  

Reason for request for quotation now

 

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another security, clearly identify that other security)

       
             Number   +Class
42   Number and +class of all +securities quoted on ASX (including the securities in clause 38)        

 

(now go to 43)

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 9


Table of Contents

All entities

 

Fees

 

43    Payment method (tick one)
     ¨    Cheque attached
     ¨   

Electronic payment made

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

     x   

Periodic payment as agreed with the home branch has been arranged

Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

 

Quotation agreement

 

1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2   We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 


+ See Chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 10


Table of Contents

Appendix 3B

New issue announcement


 

[GRAPHIC APPEARS HERE]

 

Sign here:

 

 


 

Date: 22 August 2003

   

Company Secretary

   

Print name:

 

William M Hundy

   

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 11


Table of Contents

[GRAPHIC APPEARS HERE]

 

ASX Release

 

Item 2

 

25 August 2003

 

Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that drilling of the appraisal well Jingemia 2 located in the onshore Perth Basin Exploration Permit 413, commenced on Sunday 24 August. At 0600 hrs WST the well was drilling ahead at 332 metres.

 

The Jingemia 2 appraisal well is being drilled from the Jingemia 1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the Jingemia 1 discovery well. The well is being located to intersect the edge of the Jingemia Field as currently mapped. The aim of the well is to better define the field oil water contact, give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support.

 

Participants in EP 413 and Jingemia 2 are:

 

Origin Energy Developments Pty Limited* (Operator)

   49.189 %            

Hardman Oil and Gas Pty Ltd

         22.376 %      

AWE (Perth Basin) Pty Ltd

         15.245 %      

Victoria Petroleum NL

   5.000 %            

Voyager Energy Limited

         6.270 %      

Norwest Energy NL

         1.278 %      

Roc Oil (WA) Pty Limited

         0.250 %      

ARC Energy NL

               0.250 %

John Kevin Geary

         0.142 %      

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

John Piper

Executive General Manager - Oil and Gas Production

Phone: 07 3858 0681

Email: john.piper@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


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[GRAPHIC APPEARS HERE]

 

ASX Release

 

Item 3

 

28 August 2003

 

Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that the appraisal well Jingemia 2 located in the onshore Perth Basin Exploration Permit 413 was drilling ahead at 650 metres at 0600 hrs WST.

 

The Jingemia 2 appraisal well is being drilled from the Jingemia 1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the Jingemia 1 discovery well. The well is being located to intersect the edge of the Jingemia Field as currently mapped. The aim of the well is to better define the field oil water contact, give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support.

 

Participants in EP 413 and Jingemia 2 are:

 

Origin Energy Developments Pty Limited* (Operator)

  49.189%            

Hardman Oil and Gas Pty Ltd

      22.376 %      

AWE (Perth Basin) Pty Ltd

      15.245 %      

Victoria Petroleum NL

  5.000%            

Voyager Energy Limited

      6.270 %      

Norwest Energy NL

      1.278 %      

Roc Oil (WA) Pty Limited

      0.250 %      

ARC Energy NL

            0.250 %

John Kevin Geary

      0.142%        

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

John Piper

Executive General Manager - Oil and Gas Production

Phone: 07 3858 0681

Email: john.piper@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


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[GRAPHIC APPEARS HERE]

 

Item 4

 

ASX Release

 

1 September 2003

 

Onshore Taranaki Basin New Zealand - Tuihu-1A

Re-Entry Commences

 

Origin Energy Resources (NZ) has been advised by the Operator, that re-entry and deepening operations of the Tuihu-1 exploration well, located in onshore Taranaki Basin permit PEP 38718, New Zealand, commenced on 28 August 2003.

 

Tuihu-1 was drilled in late 2000/early 2001 to a total depth of 4530m. During drilling of this well significant gas shows were encountered in fractured Oligocene sandstones. As a result, Tuihu-1 was suspended at that time pending further geological investigation.

 

Operations at the Tuihu-1A well are expected to take around 21 days to sidetrack and then drill to a total depth of 5100m. The primary targets are reservoirs within the Tariki Sandstone and the Kapuni Formation.

 

Tuihu-1A is located 6 kilometres from the Tariki gas pipeline, and if successful, could be brought on production rapidly.

 

Participants in the Tuihu-1A well are:

 

Swift Energy New Zealand Limited

   50  % (Operator)

Origin Energy Resources NZ Limited

   20  %

New Zealand Oil and Gas Limited

   20  %

Indo Pacific NL (subject to regulatory approvals)

   10  %

 

For further information contact:

 

Dr Rob Willink

General Manager - Exploration

Phone: 07 3858 0676

Email: rob.willink@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


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[GRAPHIC APPEARS HERE]

 

Item 5

 

To

   Company Announcements Office    Facsimile    1300 300 021

Company

   Australian Stock Exchange    Date    3 September 2003

From

   Bill Hundy    Pages    31

Subject

   SUBSTANTIAL HOLDER - CHANGE OF INTERESTS

 

We wish to advise that the Form 604 Notice of Change of Interests of Substantial Holder lodged on 11 July 2003 notified of the execution of an agreement to sell 1,200,000 shares to Magellan Petroleum Corporation. This transaction was completed on 2 September 2003 and we attach a modified Form 604 to reflect the completion of this transaction.

 

Regards

 

[GRAPHIC APPEARS HERE]

 

Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au

 

Copy to: Company Secretary

                 Magellan Petroleum Australia Limited

                 10th Floor

                 145 Eagle Street

                 BRISBANE QLD 4000

 

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


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604  page 1/2   15 July 2001


 

Form 604

 

Corporations Act 2001

Section 671B

 

Notice of change of interests of substantial holder


 

To Company Name/Scheme

   Magellan Petroleum Australia Limited

ACN/ARSN

   ACN 009 728 581
1. Details of substantial holder (1)     

Name

   Origin Energy Limited

ACN/ARSN (if applicable)

   ACN 000 051 696

 

There was a change in the interests of the substantial holder on    During the period 18 / 09 / 1996 – 02 / 09 / 2003
The previous notice was given to the company on    29 / 10 / 1993
The previous notice was dated    28 / 10 / 1993

 

2. Previous and present voting power

 

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

 

Class of securities (4)


  

Previous notice


   Present notice

 
    

Person’s votes


  

Voting power (5)


   Person’s votes

   Voting power (5)

 

Fully paid ordinary shares of $0.50 each

   8,041,608    18.08%    6,782,138    14.53 %
                       

 

3. Changes in relevant interests

 

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

 

Date of change


   Person whose
relevant interest
changed


   Nature of change (6)

   Consideration given
in relation to change
(7)


   Class and
number of
securities
affected


   Person’s votes
affected



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18/9/96 to 29/10/98    Sagasco Amadeus
Pty Limited
   Sale of fully paid ordinary
shares on market and
receipt of bonus issue
  See Annexure “A”    Net 59,470
See
Annexure “A”
   Net 59,470
See Annexure “A”
02/09/2003    Sagasco Amadeus
Pty Limited
   Completion of transfer of
shares to Magellan
Petroleum Corporation
(see Annexures “A” &
“B”)
  Issue of 1,300,000
shares in
Magellan
Petroleum
Corporation
   1,200,000    1,200,000

 

4. Present relevant interests

 

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

 

Holder of relevant

interest


  

Registered holder of

securities


  

Person entitled to be

registered as holder (8)


  

Nature of relevant

interest (6)


  

Class and

number of

securities


   Person’s votes

Origin Energy Limited    Sagasco Amadeus
Pty Limited
   N/A    Holder of fully paid
ordinary shares
   6,782,138    6,782,138


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604 page 2/2 15 July 2001


 

5. Changes in association

 

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

 

Name and ACN/ARSN (if applicable)


  

Nature of association


N/A

    

 

6. Addresses

 

The addresses of persons named in this form are as follows:

 

Name


  

Address


Origin Energy Limited   

Level 39, AMP Centre

50 Bridge Street, Sydney, NSW, 2000

Sagasco Amadeus Pty Limited   

Level 39, AMP Centre

50 Bridge Street, Sydney, NSW, 2000

Magellan Petroleum Australia Limited   

Level 10

145 Eagle Street, Brisbane, QLD, 4000

Magellan Petroleum Corporation   

Unit 31, Oak Park

149 Durham Road, Madison, Connecticut, USA, 06443


Signature

 

print name   William M Hundy  

capacity Secretary

       

date 2 / 9 / 2003

sign here  

[GRAPHIC APPEARS HERE]


 

DIRECTIONS

 

(1)   If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

 

(2)   See the definition of “associate” in section 9 of the Corporations Act 2001.

 

(3)   See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

 

(4)   The voting shares of a company constitute one class unless divided into separate classes.


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(5)   The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

 

(6)   Include details of:

 

  (a)   any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

 

  (b)   any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

 

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

 

(7)   Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

 

(8)   If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write “unknown”.

 

(9)   Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.


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ANNEXURE “A”

 

This is annexure A of 2 pages mentioned in Form 604 Notice of change of interests of substantial holder.

 

Date of
change


 

Person whose
relevant interest
changed


 

Nature of change (6)


 

Consideration
given in relation to
change (7)


 

Class and
number of
securities
affected


 

Person’s votes
affected


18/09/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $59,387.56   17,530   17,530

26/09/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $4,765.64   1,418   1,418

30/09/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $823.32   245   245

1/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $29,599.36   8,807   8,807

9/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $13,443.60   4,000   4,000

9/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $67,218.00   20,000   20,000

10/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $23,625.15   7,000   7,000

11/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $58,827.97   17,250   17,250

22/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $3,751.35   1,100   1,100

23/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $6,905.89   2,025   2,025

25/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $29,199.11   8,562   8,562

25/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $32,609.51   9,562   9,562

28/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $51,154.80   15,000   15,000


Table of Contents

Date of
change


 

Person whose
relevant interest
changed


 

Nature of change (6)


 

Consideration
given in relation to
change (7)


 

Class and
number of
securities
affected


 

Person’s votes
affected


6/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $22,551.53   6,601   6,601

30/10/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $6,820.65   2,000   2,000

6/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $3,069.29   900   900

7/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $8,649.30   2,500   2,500

8/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $46,261.80   13,000   13,000

12/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $45,682.41   13,204   13,204

15/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $67,986.72   19,374   19,374

18/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $54,913.53   15,650   15,650

20/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $11,481.89   3,272   3,272

21/11/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $190,498.57   54,000   54,000

10/12/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $60,685.94   17,938   17,938

16/12/1996

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $6,755.80   2,000   2,000

13/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $8,387.04   2,412   2,412

16/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $6,248.60   1,797   1,797

15/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $16,392.80   4,853   4,853

16/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $3,167.76   911   911


Table of Contents

Date of
change


 

Person whose
relevant interest
changed


 

Nature of change (6)


 

Consideration
given in relation to
change (7)


 

Class and
number of
securities
affected


 

Person’s votes
affected


17/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $270,232.00   80,000   80,000

20/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $33,779.00   10,000   10,000

20/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $3,715.60   1,100   1,100

21/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $63,842.25   18,900   18,900

22/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $47,926.85   14,150   14,150

24/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $42,223.75   12,500   12,500

28/01/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $32,326.41   9,570   9,570

3/02/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $337.70   100   100

4/02/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $1,307.12   387   387

17/09/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $22,050.92   6,528   6,528

19/09/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $13,258.18   3,925   3,925

22/09/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $26,685.35   7,900   7,900

23/09/1997

  Sagasco Amadeus Pty Limited   Sale of fully paid ordinary shares on market   $5,404.55   1,600   1,600

29/10/1998

  Sagasco Amadeus Pty Limited   Receipt of fully paid ordinary shares under a bonus issue   Nil   364,070*   364,070*

29/10/1998

  Sagasco Amadeus Pty Limited   Receipt of fully paid ordinary shares under a bonus issue   Nil   10,951*   10,951*

29/10/1998

  Sagasco Amadeus Pty Limited   Receipt of fully paid ordinary shares under a bonus issue   Nil   5080*   5080*


Table of Contents

Date of
change


 

Person whose
relevant interest
changed


 

Nature of change (6)


 

Consideration
given in relation to
change (7)


 

Class and
number of
securities
affected


 

Person’s votes
affected


Net Change to 9 July 2003   Sagasco Amadeus Pty Limited       $1,503,954.57   59,470   59,470

02/09/2003

  Sagasco Amadeus Pty Limited   Transfer of shares to Magellan Petroleum Corporation   Issue of 1,300,000 shares in Magellan Petroleum Corporation   1,200,000   1,200,000

*   Receipt of shares; all other transactions relate to the sale of shares.

 

23


Table of Contents

ANNEXURE “B”

 

This is annexure B of 26 pages mentioned in Form 604 Notice of change of interests of substantial holder.

 

I, William Michael Hundy hereby certify that the attached 25 pages are a full and accurate copy of the contract between Sagasco Amadeus Pty Limited and Magellan Petroleum Corporation dated 10 July 2003.


Table of Contents

[GRAPHIC APPEARS HERE]

 


 

Execution Copy

 

Sagasco Amadeus Pty Limited (ACN 056 420 396)

“Sagasco”

Magellan Petroleum Corporation (ABN 97 099 695 093)

“MPC”

 

Share sale agreement

 

[GRAPHIC APPEARS HERE]

 

Lawyers

Levels 22-35 No. 1 O’Connell Street Sydney NSW 2000 Australia

PO Box H3 Australia Square Sydney NSW 1215

www.claytonutz.com

Tel + 61 2 9353 4000 Fax + 61 2 8220 6700

Our ref - 169/21724160 Contact - Graham Taylor

 

Sydney · Melbourne · Brisbane · Perth · Canberra · Darwin

 

Liability limited by the Solicitors Scheme approved under the Professional Standards Act 1994 (NSW)


Table of Contents

Table of contents

 

1.

  

Definitions and interpretation

   27

1.1

  

Definitions

   27

1.2

  

Interpretation

   27

1.3

  

Governing law

   28

2.

  

Sale of MPA Shares

   28

3.

  

Condition precedent

   28

4.

  

Completion

   29

4.1

  

Time and place for Completion

   29

4.2

  

Delivery of documents by Sagasco

   29

4.3

  

Delivery of documents by MPC

   29

4.4

  

Interdependence of obligations

   29

4.5

  

Sagasco’s obligations until registration

   29

4.6

  

MPC’s obligations to register

   29

5.

  

Sagasco’s warranties

   29

6.

  

MPC’s warranties

   30

7.

  

Compliance with U.S. securities laws

   30

8.

  

General

   32

8.1

  

Further acts

   32

8.2

  

Notices

   32

8.3

  

Jurisdiction

   33

8.4

  

Amendment

   33

8.5

  

Waiver

   33

8.6

  

Assignment

   33

8.7

  

Counterparts

   33

8.8

  

Stamp duties

   33

8.9

  

Merger

   34

8.10

  

Entire agreement

   34

8.11

  

Confidentiality and public announcements

   34

8.12

  

Expenses

   34

8.13

  

No representation or reliance

   35

8.14

  

Indemnities

   35

Schedule 1 Transfer of MPA Shares

   36

Annexure A Registration Rights Agreement

   39


Table of Contents

Share sale agreement made on July 10, 2003

 

Parties

        Sagasco Amadeus Pty Limited (ACN 056 420 396) of Level 39, AMP Centre, 50 Bridge Street, Sydney, NSW, 2000 (“Sagasco”)
          Magellan Petroleum Corporation (ABN 97 099 695 093) of Unit 31, Oak Park, 149 Durham Road, Madison, Connecticut, USA, 06443 (“MPC”)

Recitals

    

A.

  

Magellan Petroleum Australia Limited (ACN 009 728 581) is a company limited by shares registered in Australia with its registered office at Level 10, 145 Eagle Street, Brisbane, Queensland, 4000 (“MPA”).

B.

  

Sagasco is the legal and beneficial owner of 1,200,000 fully paid ordinary shares in the issued share capital of MPA (“MPA Shares”).

C.

  

Sagasco has agreed to sell and MPC has agreed to purchase the MPA Shares upon the terms and conditions contained in this Agreement.

 

The parties agree

 


1.   DEFINITIONS AND INTERPRETATION

 

1.1   Definitions

 

In this Agreement:

 

“Agreement” means this Share Sale Agreement, including Schedule 1 and Annex A attached hereto.

 

“Business Day” means a day which is not a Saturday, Sunday or public holiday in the State.

 

“Completion” means completion of the sale and purchase of the MPA Shares in accordance with the terms of this Agreement.

 

“Completion Date” means the fifth Business Day following the receipt of all approvals required under clause 3 of this Agreement or such other date as Sagasco and MPC shall agree.

 

“Constitution” means the constitution of MPA.

 

“Encumbrance” means any mortgage, charge, pledge, lien, encumbrance, assignment, hypothecation, security interest, title retention, preferential right, trust arrangement, contractual right of set-off or any other security agreement or arrangement in favour of any person.

 

“FATA” means the Foreign Acquisitions and Takeovers Act 1975.

 

“FIRB Approval” means the unconditional approval pursuant to FATA of the Treasurer to the Proposal or the approval of the Treasurer subject to conditions which are acceptable to MPC acting reasonably.

 

“MPA” has the meaning given in Recital A.

 

“MPA Shares” has the meaning given in Recital B.

 

“MPC Shares” means the common shares in the capital of MPC.

 

“Proposal” means the acquisition of the MPA Shares by MPC under this Agreement.

 

“Related Body Corporate” has the meaning given in section 9 of the Corporations Act 2001 (Cth).

 

Share Consideration” has the meaning given in clause 2.

 

“State” means the State of New South Wales.

 

1.2   Interpretation

 

In this Agreement:

 

  (a)   headings are for convenience only and do not affect interpretation; and unless the context indicates a contrary intention:

 

  (b)   an obligation or liability assumed by, or a right conferred on, 2 or more parties binds or benefits all of them jointly and each of them severally;

 

  (c)   the expression “person” includes an individual, the estate of an individual, a corporation, an authority, an association or a joint venture (whether incorporated or unincorporated), a partnership and a trust;

 

  (d)   a reference to any party includes that party’s executors, administrators, successors and permitted assigns, including any person taking by way of novation;


Table of Contents
  (e)   a reference to any document (including this Agreement) is to that document as varied, novated, ratified or replaced from time to time;

 

  (f)   a reference to any statute or to any statutory provision includes any statutory modification or re-enactment of it or any statutory provision substituted for it, and all ordinances, by-laws, regulations, rules and statutory instruments (however described) issued under it;

 

  (g)   words importing the singular include the plural (and vice versa), and words indicating a gender include every other gender;

 

  (h)   references to parties, clauses, schedules, exhibits or annexures are references to parties, clauses, schedules, exhibits and annexures to or of this Agreement, and a reference to this Agreement includes any schedule, exhibit or annexure to this Agreement;

 

  (i)   where a word or phrase is given a defined meaning, any other part of speech or grammatical form of that word or phrase has a corresponding meaning;

 

  (j)   references to payments to any party to this Agreement include payments to another person upon the direction of such party;

 

  (k)   all payments to be made under this Agreement will be made by unendorsed bank cheque or other immediately available funds;

 

  (l)   the word “includes” in any form is not a word of limitation; and

 

  (m)   a reference to “$” or “dollar” is to Australian currency.

 

1.3   Governing law

 

This Agreement is governed by and will be construed according to the laws of the State.

 


2.   SALE OF MPA SHARES

 

(a) Sagasco agrees to sell to MPC, and MPC agrees to purchase from Sagasco, the MPA Shares (including any additional shares issued between the date of this Agreement and the Completion Date, inclusive, as a result of a stock split, stock dividend, recapitalisation or the like) free of any Encumbrance in consideration for the issue of 1,300,000 MPC Shares (as such number of MPC Shares may be increased pursuant to clause 2(b), the “Share Consideration”) by MPC to Sagasco, on the Completion Date in accordance with the terms and conditions contained in this Agreement.

 

(b) In the event that between the date of this Agreement and the Completion Date, inclusive, MPC issues to the holders of MPC Shares additional MPC Shares as a result of a stock split, stock dividend, recapitalisation or the like, the Share Consideration to be issued to Sagasco pursuant to this clause 2 shall be increased by the number of MPC Shares that Sagasco would have received had it held the Share Consideration at the time of the distribution.

 


3.   CONDITIONS PRECEDENT

 

  (a)   FIRB Approval is a condition precedent to the obligations of MPC and Sagasco under clauses 2 and 4.

 

  (b)   MPC must do all things pursuant to FATA which are reasonably necessary to obtain FIRB Approval promptly after the execution of this Agreement.

 

  (c)   FIRB Approval is taken to have been granted:

 

  (i)   if a notice is issued pursuant to FATA stating that the Commonwealth Government does not object to the Proposal; or

 

28


Table of Contents
  (ii)   if notice of the Proposal has been given to the Treasurer pursuant to FATA and the Treasurer is, by reason of lapse of time, not empowered to make an order under Part II of FATA in relation to the Proposal.

 

  (d)   In the event that between the date of this Agreement and the Completion Date, inclusive, MPC issues to the holders of MPC Shares cash dividends or other distributions (other than in the form of additional MPC Shares), Sagasco may at its option refuse to perform its obligations under clauses 2 and 4.

 


4.   COMPLETION

 

4.1   Time and place for Completion

 

Completion will take place on the Completion Date at the offices of Corrs Chambers Westgarth, Waterfront Place, 1 Eagle Street, Brisbane 4000 Queensland, Australia.

 

4.2   Delivery of documents by Sagasco

 

On Completion Sagasco will deliver or cause to be delivered to MPC:

 

  (a)   a duly executed transfer form for the transfer of the MPA Shares from Sagasco to MPC in substantially the form set out in schedule 1; and

 

  (b)   a Registration Rights Agreement in the form set out in annexure A duly executed by Sagasco.

 

4.3   Delivery of documents by MPC

 

On Completion MPC will issue the Share Consideration and will deliver or cause to be delivered to Sagasco:

 

  (a)   the stock certificate(s) for the Share Consideration; and

 

  (b)   a Registration Rights Agreement in the form set out in annexure A duly executed by MPC.

 

4.4   Interdependence of obligations

 

The obligations of Sagasco and MPC under clauses 4.2 and 4.3 are interdependent.

 

4.5   Sagasco’s obligations until registration

 

After Completion and until the MPA Shares are registered by MPA in the name of MPC, Sagasco must take all action as registered holder of the MPA Shares as MPC may reasonably require from time to time by notice.

 

4.6   MPC’s obligations to register

 

MPC must ensure that registration of the transfer of the MPA Shares takes place as soon as is reasonably possible after Completion.

 


5.   SAGASCO’S WARRANTIES

 

As part of the terms of the sale and purchase of the MPA Shares, Sagasco warrants to MPC as at a time immediately before Completion that:

 

  (a)   Sagasco is the sole legal and beneficial owner of the MPA Shares which are free of any Encumbrance, and Sagasco has complete and unrestricted power and right to sell, assign and transfer the MPA Shares to MPC;

 

  (b)   the MPA Shares are fully paid up;

 

  (c)   there are no outstanding options, contracts, calls, first refusals, commitments, rights or demands of any kind relating to the MPA Shares, nor does any person have any rights of pre-emption in respect of any of the MPA Shares;

 

  (d)   the execution and performance of this Agreement and the Registration Rights

 

29


Table of Contents
 

Agreement by Sagasco have been duly and validly authorised by all necessary corporate action on its part;

 

  (e)   this Agreement and the Registration Rights Agreement are, or will be, valid and binding agreements on Sagasco enforceable in accordance with their terms and conditions; and

 

  (f)   the MPA Shares are fully tradeable on the Australian Stock Exchange.

 


6.   MPC’S WARRANTIES

 

As part of the terms of the sale and purchase of the MPA Shares, MPC warrants to Sagasco as at a time immediately before Completion that:

 

  (a)   the Share Consideration will be issued to Sagasco free of any Encumbrance, and MPC has complete and unrestricted power and right to issue the MPC Shares to Sagasco;

 

  (b)   the Share Consideration will be issued as fully paid up MPC Shares;

 

  (c)   there will be no outstanding options, contracts, calls, first refusals, commitments, rights or demands of any kind relating to the Share Consideration, nor will any person have any rights of pre-emption in respect of any of the Share Consideration;

 

  (d)   the execution and performance of this Agreement and the Registration Rights Agreement by MPC have been duly and validly authorised by all necessary corporate action on its part;

 

  (e)   this Agreement and the Registration Rights Agreement are, or will be, valid and binding agreements on MPC enforceable in accordance with their terms and conditions; and

 

  (f)   the Share Consideration will be of the same class as the MPC Shares that are currently traded on the NASDAQ SmallCap Market.

 


7.   COMPLIANCE WITH U.S. SECURITIES LAWS

 

Representations and Warranties of Sagasco. Sagasco represents and warrants to MPC that it:

 

  (i)   understands that the Share Consideration to be issued in accordance with clauses 2 and 4.3 have not been, and, as of the date of issuance, will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under any U.S. state securities laws, and are being issued pursuant to a “safe harbor” exemption from registration contained in Regulation S promulgated under the Securities Act based, in part, upon the representations and warranties of Sagasco contained herein.

 

  (ii)   has received certain information concerning MPC and has had the opportunity to obtain additional information as desired in order to evaluate the merits and the risks inherent in holding shares of MPC’s common stock;

 

  (iii)   is able to bear the economic risk and lack of liquidity inherent in holding MPC Shares;

 

  (iv)   is an “Accredited Investor” as defined in Regulation D promulgated under the Securities Act;

 

  (v)   (A) is not a “U.S. Person” (as that term is defined in Rule 902 of Regulation S under the Securities Act); (B) is not acquiring the Share Consideration for the account or benefit of any U.S. Person and has not pre-arranged any resale of any of the Share Consideration with any buyer located in the United States or otherwise with a U.S. Person; and (C) was not offered the Share Consideration in the United States, and at the time of execution of this Agreement and of any offer to purchase the Share Consideration received

 

30


Table of Contents
 

from MPC hereunder, was located outside the United States;

 

  (vi)   is not engaged in the business of distributing securities;

 

  (vii)   will not engage in hedging transactions with regard to the Share Consideration unless in compliance with the Securities Act; and

 

  (viii)   has not engaged and will not engage, nor have any of its affiliates or any person acting on behalf of it or any of them engaged in or will engage in, any “directed selling efforts” with respect to the Share Consideration within the meaning of Rule 902(c) of Regulation S adopted under the Securities Act.

 

Representation and Warranty by MPC. MPC represents and warrants that neither it, nor any of its affiliates or any person acting on behalf of any of them, has engaged or will engage in any “directed selling efforts” with respect to the Share Consideration within the meaning of Rule 902(c) of Regulation S adopted under the Securities Act, and it, its affiliates and any person acting on behalf of any of them have complied and will comply with the offering restrictions requirement of Regulation S under the Securities Act.

 

Legending and Stop Transfer Requirements.

 

  (i)   The stock certificate delivered by MPC to Sagasco in accordance with clause 4.3 representing the Share Consideration will be imprinted with a legend substantially in the following form:

 

“The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and have been issued pursuant to an exemption from registration under Regulation S promulgated under the Securities Act. Such shares are “restricted securities” as defined in Rule 144 promulgated under the Securities Act and may not be offered for sale, sold, delivered after sale, transferred, pledged, or hypothecated except: (i) in accordance with the provisions of Regulation S under the Securities Act; (ii) pursuant to registration under the Securities Act; or (iii) pursuant to an opinion of counsel reasonable satisfactory to Magellan Petroleum Corporation that such shares may be transferred without registration under the Securities Act. Hedging transactions involving the shares represented by this certificate may not be conducted unless in compliance with the Securities Act.”

 

  (ii)   MPC shall refuse to register any transfer of the Share Consideration that is not made in accordance with: (A) the provisions of this Agreement; and (B) the provisions of Regulation S, pursuant to registration under the Securities Act, or pursuant to an available exemption from registration under the Securities Act.

 

Resales of the Share Consideration. Sagasco shall make, or cause to be made, any resales of the Share Consideration pursuant to one of the following methods:

 

  (i)   “offshore transactions” (as such term is defined in Regulation S) pursuant to the resale safe harbor of Rule 904 of Regulation S adopted under the Securities Act;

 

  (ii)   any resale registration statement on Form S-3 (or such other form as may be available for the registration of such resales) that may be filed by MPC with the U.S. Securities and Exchange Commission following Completion as required under the Registration Rights Agreement between Sagasco and MPC in the form set out in annexure A;

 

  (iii)   Rule 144 promulgated under the Securities Act; or

 

  (iv)   any other available exemption under the Securities Act;

 

provided that, in the case of (iii) and (iv), Sagasco shall first furnish MPC with a written opinion reasonably satisfactory to MPC in form and substance from counsel reasonably satisfactory to MPC by reason of experience to the effect that Sagasco may transfer such shares as desired without registration under the Securities Act (each such resale

 

31


Table of Contents

described in (i)-(iv), a “Permitted Resale” and collectively, the “Permitted Resales”). Any such Permitted Resales shall be made in offshore transactions or in transactions in the United States on the Nasdaq SmallCap Market or otherwise.

 


8.   GENERAL

 

8.1   Further acts

 

Each party will promptly do and perform all further acts and execute and deliver all further documents (in form and content reasonably satisfactory to each party) required by law or reasonably requested by any other party to give effect to this Agreement.

 

8.2   Notices

 

Any communication under or in connection with this Agreement:

 

  (a)   must be in writing;

 

  (b)   must be addressed as shown below:

 

  (i)   in the case of Sagasco:

 

Name: Sagasco Amadeus Pty Limited

 

Address: Level 39, AMP Centre, 50 Bridge Street, Sydney, 2000

 

Fax no: +612 9235 1661

 

For the attention of: Company Secretary

 

With a copy to:

 

Name: Graham Taylor, Esq.

 

Address: Clayton Utz, Levels 22-35, No. 1 O’Connell Street, Sydney NSW 2000 Australia

 

Fax no: +612 8220 6700

 

(or as otherwise notified by that party to the other party from time to time); and

 

  (ii)   in the case of MPC:

 

Name: Magellan Petroleum Corporation

 

Address: c/o G&O’D Inc. Box 1146, Madison, Connecticut, USA, 06443-1146

 

Fax no: +1 203 245 8290

 

For the attention of: James R. Joyce, President

 

With a copy to:

 

Name: Timothy L. Largay, Esq.

 

Address: Murtha Cullina LLP, 185 Asylum Street, Hartford, Connecticut, USA, 06103-3469

 

Fax no: + 1 860 240 6150

 

(or as otherwise notified by that party to the other party from time to time);

 

  (c)   must be signed by the party making the communication or (on its behalf) by the solicitor for, or by any attorney, director, secretary, or authorised agent of, that party;

 

  (d)   must be delivered or posted by prepaid post to the address, or sent by fax to the number, of the addressee, in accordance with clause 8.2(b); and

 

  (e)   will be deemed to be received by the addressee:

 

  (i)   (in the case of prepaid post) on the third business day after the date of posting within Australia to an address within Australia, and on the fifth business day after the date of posting either within Australia to an address outside Australia or outside Australia to an address within Australia;

 

  (ii)   (in the case of fax) at the local time (in the place of receipt of that fax) which then equates to the time at which that fax is sent as shown on the transmission report which is produced by the machine from which that fax

 

32


Table of Contents
 

is sent and which confirms transmission of that fax in its entirety, unless that local time is a non business day, or is after 5.00 pm on a business day, in which event that communication will be deemed to be received at 9.00 am on the next business day; and

 

  (iii)   (in the case of delivery by hand) on delivery at the address of the addressee as provided in clause 8.2(b), unless that delivery is made on a non business day, or after 5.00 pm on a business day, when that communication will be deemed to be received at 9.00 am on the next business day,

 

and where “business day” means a day which is not a Saturday, Sunday or public holiday in the place of receipt of that communication.

 

8.3   Jurisdiction

 

  (a)   Each party irrevocably submits to the non-exclusive jurisdiction of the courts of the State, and the courts competent to determine appeals from those courts, with respect to any proceedings which may be brought at any time relating in any way to this Agreement.

 

  (b)   Each party irrevocably waives any objection it may now or in the future have to the venue of any proceedings, and any claim it may now or in the future have that any proceedings have been brought in an inconvenient forum, where that venue falls within (a) of this clause.

 

8.4   Amendment

 

This Agreement may only be varied by a document signed by or on behalf of each of the parties.

 

8.5   Waiver

 

  (a)   Failure to exercise or enforce or a delay in exercising or enforcing or the partial exercise or enforcement of any right, power or remedy provided by law or under this Agreement by any party will not in any way preclude, or operate as a waiver of, any exercise or enforcement, or further exercise or enforcement of that or any other right, power or remedy provided by law or under this Agreement.

 

  (b)   Any waiver or consent given by any party under this Agreement will only be effective and binding on that party if it is given or confirmed in writing by that party.

 

  (c)   No waiver of a breach of any term of this Agreement will operate as a waiver of another breach of that term or of a breach of any other term of this Agreement.

 

8.6   Assignment

 

A party cannot assign, novate or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of each other party.

 

8.7   Counterparts

 

  (a)   This Agreement may be executed in any number of counterparts and by the parties on separate counterparts. Each counterpart constitutes an original of this Agreement, all of which together constitute one agreement.

 

  (b)   A party may execute this Agreement or any counterpart and exchange it by fax and the fax will be accepted as an original.

 

8.8   Stamp duties

 

  (a)   MPC will:

 

  (i)   pay all stamp duties (apart from financial institutions duties or bank account debit taxes which will lie between the parties as they fall) and any related

 

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fines and penalties in respect of this Agreement, the performance of this Agreement and each transaction effected by or made under or pursuant to this Agreement; and

 

  (ii)   indemnify Sagasco against any liability arising from failure to comply with clause 8.8(a)(i).

 

  (b)   MPC is authorised to make any application for and retain the proceeds of any refund due in respect of any stamp duty paid under this clause.

 

8.9   Merger

 

No right or obligation of any party will merge on completion of any transaction under this Agreement. All rights and obligations under this Agreement survive the execution and delivery of any transfer or other document which implements any transaction under this Agreement.

 

8.10   Entire agreement

 

To the extent permitted by law, in relation to the subject matter of this Agreement, this Agreement:

 

  (a)   embodies the entire understanding of the parties, and constitutes the entire terms agreed on between the parties; and

 

  (b)   supersedes any prior written or other agreement between the parties.

 

8.11   Confidentiality and public announcements

 

  (a)   Confidentiality

 

Subject to clauses 8.11(b) and 8.11(c), each party must keep the terms of this Agreement confidential.

 

  (b)   Exceptions

 

A party may make any disclosure in relation to this Agreement:

 

  (i)   to any professional adviser, financial adviser, banker, financier or auditor where that person is obliged to keep the information confidential;

 

  (ii)   to comply with any applicable law, or any requirement of any regulatory body (including any relevant stock exchange);

 

  (iii)   to any of its employees to whom it is necessary to disclose the information;

 

  (iv)   to obtain the consent of any third party to any term of, or to any act pursuant to, this Agreement;

 

  (v)   to enforce its rights or to defend any claim or action under this Agreement;

 

  (vi)   to a Related Body Corporate, on receipt of an undertaking to keep the information confidential; or

 

  (vii)   where the information has come into the public domain through no fault of that party.

 

  (c)   Public announcements

 

Except as required by applicable law or the requirements of any regulatory body (including any relevant stock exchange), all press releases and other public announcements in relation to this Agreement must be in terms reasonably agreed by the parties.

 

  (d)   Return of information on rescission or termination

 

If this Agreement is rescinded or terminated, MPC will cease using and return to Sagasco all information and documents disclosed or provided to it or to any Related Body Corporate of it or to the directors, secretary or professional advisers of MPC or of any Related Body Corporate of MPC in connection with the sale of the MPA Shares.

 

8.12   Expenses

 

Except as otherwise provided in this Agreement, each party will pay its own costs and expenses in connection with the negotiation, preparation, execution, and performance of this Agreement.

 

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8.13   No representation or reliance

 

  (a)   Each party acknowledges that no party (nor any person acting on its behalf) has made any representation or other inducement to it to enter into this Agreement, except for representations or inducements expressly set out in this Agreement.

 

  (b)   Each party acknowledges and confirms that it does not enter into this Agreement in reliance on any representation or other inducement by or on behalf of any other party, except for any representation or inducement expressly set out in this Agreement.

 

8.14   Indemnities

 

  (a)   Each indemnity in this Agreement is a continuing obligation, separate and independent from the other obligations of the parties, and survives termination, completion or expiration of this Agreement.

 

  (b)   It is not necessary for a party to incur expense or to make any payment before enforcing a right of indemnity conferred by this Agreement.

 

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Schedule 1

Transfer of MPA Shares

 

[See over page]

 

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SHARE TRANSFER FORM

For non-Market Transactions

 

Transfer Ident. Number:

Impress stamp duty here


FULL NAME OF

CORPORATION:

  

MAGELLAN PETROLEUM AUSTRALIA LIMITED

ACN 009 728 581


STATE OR TERRITORY

IN WHICH

CORPORATION IS

TAKEN TO BE

REGISTERED

  

Queensland


DESCRIPTION OF SECURITIES:    Ordinary shares    Fully paid? Y    If not fully paid, paid to:

QUANTITY:   

1,200,000 (one million two hundred thousand)


FULL NAME OF TRANSFEROR:   

SAGASCO AMADEUS PTY LIMITED

ACN 056 420 396


CONSIDERATION:   

Refer to clause 2 of the Share Sale

Agreement between the Transferor and

Transferee

   Date of purchase:

FULL NAME OF TRANSFEREE:   

MAGELLAN PETROLEUM CORPORATION

ABN 97 099 695 093


FULL ADDRESS OF TRANSFEREE:   

c/o G&O’D Inc., Box 1146, Madison, Connecticut, USA, 06443-1146


CHANGE REQUEST   

Please enter this transfer in the Company’s register


 

The transferor as registered holder transfers to the transferee the securities registered in the transferor’s name in the register of the corporation, subject to the conditions on which the transferor holds the securities. The transferee accepts the securities on the conditions on which the transferor held them. If transfer is signed under a power of attorney, the attorney states that the attorney has not received any notice of the revocation of the power of attorney under which this transfer is signed.

 

The transferee states that upon registration of this transfer the transferee will hold the securities beneficially.

 


TRANSFEROR

SIGN HERE:

       

Date signed:

       

TRANSFEREE

SIGN HERE:

       

Date signed:

       

 

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Signed as an agreement.    

Signed on behalf of Sagasco Amadeus Pty Limited

(ACN 056 420 396) under Section 127(1) of the

Corporations Act:

   

 
Signature of Director   Signature of Secretary
Bruce G. Beeren   William M. Hundy

 
Name of Director in full   Name of Secretary in full

Signed on behalf of Magellan Petroleum

Corporation (ABN 97 099 695 093) by:

   

 
Signature   Signature
James R. Joyce, President   Timothy L. Largay, Secretary

 

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Annexure A

Registration Rights Agreement

 

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made as of [Month]             , 2003 by and among:

 

(i)   Magellan Petroleum Corporation, a Delaware corporation (“MPC”); and

 

(ii)   Sagasco Amadeus Pty Limited, an Australian corporation (“Sagasco”).

 

RECITALS:

 

WHEREAS, MPC has issued 1,300,000 shares of its common stock (the “Common Stock”), to Sagasco pursuant to the Share Sale Agreement, by and among MPC and Sagasco, dated as of July 10, 2003 (“Share Sale Agreement”); and

 

WHEREAS, to induce Sagasco to enter into the Share Sale Agreement, MPC and Sagasco have agreed to enter into this Agreement to provide for certain rights, privileges and preferences in favor of Sagasco.

 

NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants contained in this Agreement and the Share Sale Agreement, the parties mutually agree as follows:

 

1.   Certain Definitions

 

The following terms shall have the following respective meanings:

 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Holder” shall mean Sagasco, including its permitted successors and assigns that acquire Registrable Securities, directly or indirectly, from Sagasco. For purposes of this Agreement, MPC may deem and treat the holder of a Registrable Security reflected on MPC’s transfer agent’s records as the Holder and absolute owner thereof and MPC shall not be affected by any notice to the contrary.

 

“Registrable Securities” means:

 

  (i)   the Common Stock issued to the Holder pursuant to the Share Sale Agreement (the “MPC Shares”); and

 

  (ii)   shares of Common Stock issued in respect of the MPC Shares as a result of a stock split, stock dividend, recapitalization or the like.

 

For purposes of this Agreement, a Registrable Security will cease to be a Registrable Security on the later of: (X) 30 days after the date of this Agreement, or (Y) if as of such date, Sagasco has delivered a written request to MPC under Section 2 hereof, then at such date when the offer and sale of such Registrable Security has been effectively registered under the Securities Act and it has been sold or distributed in accordance with such effective registration statement.

 

The terms “Register”, “Registered” and “Registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement.

 

“Registration Expenses” shall mean all expenses, except as included in Selling Expenses or as otherwise stated below, incurred by MPC in complying with Section 2 including, without limitation, all registration, qualification and filing fees, printing expenses, escrow fees, fees and disbursements of counsel for MPC, blue sky fees and expenses, and the expense of any special audits incident to or required by any such registration.

 

“SEC” shall mean the Securities and Exchange Commission.

 

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Selling Expenses” shall mean all underwriting discounts, selling commissions and stock transfer taxes applicable to the MPC Shares registered by the Holder.

 

2.   Requested Registration

 

  (a)  

Subject to the terms and conditions set forth in this Agreement, if at any time within 30 days from the date of this Agreement MPC shall receive a written request from the Holder to file a registration statement under the Securities Act covering the resale registration of all Registrable Securities held by the Holder, MPC shall use its reasonable best efforts to cause to be filed and declared effective as soon as reasonably practicable a registration statement, on Form S-3 or such other appropriate registration

 

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form under the Securities Act as MPC in its discretion shall determine, providing for the sale of the Registrable Securities requested to be included by the Holder. Subject to Section 2(b)(i) hereof, the Holder shall have the right to make only one (1) request for Registration of the Registrable Securities held by the Holder under this Section 2.

 

  (b)   MPC’s obligation to use its reasonable best efforts to cause Registrable Securities to be registered in accordance with Section 2(a) shall be subject to each of the following limitations, conditions and qualifications:

 

  (i)   MPC may postpone for a period of ten (10) days the filing or the effectiveness of a registration requested pursuant to Section 2 if the Board of Directors of MPC determines in good faith that such registration might have an adverse effect on any plan or proposal by MPC or any of its subsidiaries with respect to any financing, acquisition, recapitalization, reorganization, or other material transaction or that MPC is in possession of material non-public information and disclosure of such information is not in the best interests of MPC; provided, however, that as soon as the conditions permitting such delay no longer exist, MPC shall give notice of that fact to the Holder and shall promptly proceed with the registration unless the Holder shall have elected, at any time prior to the close of business on the 10th business day after MPC has so notified the Holder, to withdraw its request for registration, and such withdrawn request shall not constitute a request hereunder.

 

  (ii)   MPC shall not be required to effect any registration pursuant to Section 2(a) unless such registration relates to all of the Registrable Securities held by the Holder.

 

3.   Expenses of Registration

 

Except as otherwise provided herein, all Registration Expenses incurred in connection with all registrations pursuant to Section 2 shall be borne by MPC. Unless otherwise stated, all Selling Expenses relating to MPC Shares registered on behalf of the Holder shall be borne by the Holder.

 

4.   Registration Procedures

 

  (a)   Upon receipt of the Holder’s written request pursuant to Section 2, MPC shall keep the Holder advised in writing as to the initiation of the registration and as to the completion thereof. At its expense, MPC shall:

 

  (i)   prepare and file with the SEC a registration statement with respect to such Registrable Securities as soon as practicable following receipt of the notice but no later than 60 days following receipt of the notice (subject to extension pursuant to Section 2(b)(i)) and use its reasonable best efforts to cause such registration statement to become effective as promptly as practicable following receipt of the notice (subject to Section 2(b)(i));

 

  (ii)  

prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act and the rules thereunder with respect to the disposition of all the Registrable Securities and other securities covered by such registration statement until the earlier of (A) the expiration of 210 days after the Holder is notified by MPC that it may commence the sale of the Registrable Securities covered by such registration statement (as such period may be extended pursuant to the provisos below and Section 4(c), the “Sale Period”) and (B) until MPC has received written notice from the Holder that it does not intend to sell additional Registrable Securities; provided, that, if the offering of Registrable Securities pursuant to such registration statement is terminated or suspended by any stop order, injunction, or other order or requirement of the SEC, the NASDAQ Stock Market, Inc. (or any similar entity) or any other governmental agency or court, the Sale Period shall be extended by the number of days during the period from and including the date such stop order, injunction, or other order or requirement becomes effective to and including the date when such termination or suspension no longer exists;

 

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and provided further that (1) if the Holder provides written notice to MPC no later than the last day of the Sale Period that the average of the total monthly volume for the Common Stock traded on the NASDAQ SmallCap Market for the first six (6) months of the Sale Period was less than 550,000 shares, and (2) the Holder has not sold all of the Registrable Securities, then the Sale Period shall be extended by one sixty (60) day period;

 

  (iii)   promptly notify the Holder when the registration statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to the registration statement or any post-effective amendment to the registration statement, when the same has become effective and furnish to the Holder of the Registrable Securities covered by such registration statement, without charge, such numbers of copies of the registration statement, each amendment and supplement thereto, the prospectus, including a preliminary prospectus, in conformity with the requirements of the Securities Act and the rules thereunder, and such other documents as it may reasonably request in order to facilitate the disposition of the Registrable Securities;

 

  (iv)   use its reasonable best efforts to register, qualify or exempt the Registrable Securities covered by such registration statement under such securities or Blue Sky laws of such states as shall be reasonably necessary to enable the Holder to dispose of the Registrable Securities covered by such registration statement; provided, that MPC shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states;

 

  (v)   promptly notify the Holder of (i) the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or the initiation or threatening of any proceedings for that purpose or (ii) the receipt by MPC of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and, in either case, use its reasonable best efforts to obtain the withdrawal of any such order or suspension at the earliest practicable date.

 

  (vi)   promptly notify the Holder selling Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing or that the registration statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the rules thereunder, and, in such event, without delay prepare and furnish to the Holder a registration statement or prospectus supplemented or amended to correct any such deficiencies;

 

  (vii)   use its commercially reasonable efforts to cause all such Registrable Securities to be listed or quoted, prior to the date of the first sale of such Registrable Securities pursuant to such registration, on such securities exchange or quotation system on which the Common Stock is then listed or quoted; and

 

  (viii)   comply with all applicable rules and regulations of the SEC; and

 

  (ix)   take all other reasonable steps necessary to effect the registration of the Registrable Securities contemplated thereby.

 

  (b)  

The Holder shall provide (in writing and signed by the Holder and stated to be specifically for use in the related registration statement, preliminary prospectus, prospectus, or other document incident thereto) all such information and materials, including without limitation the intended plan of distribution, and take all such action as

 

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may be required in order to permit MPC to comply with all applicable requirements of the SEC and any applicable state securities laws and to obtain any desired acceleration of the effective date of any registration statement prepared and filed by MPC in which the Holder’s Registrable Securities will be included.

 

  (c)   Upon receipt of any notice from MPC that MPC has become aware that the prospectus (including any preliminary prospectus) included in any registration statement filed pursuant to Section 2 hereof, as then in effect, contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, the Holder shall immediately discontinue disposition of the Registrable Securities pursuant to the registration statement covering the same until the Holder’s receipt of copies of a supplemented or amended prospectus and, if so directed by MPC, deliver to MPC all copies other than permanent file copies then in the Holder’s possession, of the prospectus covering the Registrable Securities that was in effect prior to such amendment or supplement. The Sale Period shall be extended by the number of days in the period from and including the date such notice is received by the Holder to and including the date MPC gives notice that the Holder may dispose of the Registrable Securities pursuant to the registration statement.

 

  (d)   MPC shall provide, at the Holder’s expense, such assistance as the Holder may reasonably request to sell the Registrable Securities on the NASDAQ SmallCap Market.

 

5.   Indemnification

 

  (a)   To the extent permitted by law, MPC shall indemnify and hold harmless the Holder, each of its officers, directors and each person controlling the Holder (within the meaning of Section 15 of the Securities Act), and, in connection with an underwritten offering by the Holder, each underwriter, if any, and each person who controls within the meaning of Section 15 of the Securities Act any underwriter, against all expenses, claims, losses, damages, and liabilities (or actions, proceedings, or settlements in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement, prospectus, offering circular, or other document (including any related registration statement, notification, or the like) incident to the registration of the Registrable Securities or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading or any violation by MPC of the Securities Act or any rule or regulation thereunder applicable to MPC that relates to such registration and shall reimburse the Holder, each of its officers, directors, and each person controlling the Holder, each such underwriter, and each person who controls any such underwriter, for any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability, or action, provided that MPC shall not be liable in any such case to the extent that any such claim, loss, damage, liability, or expense arises out of or is based on any untrue statement or omission based upon written information furnished to MPC by the Holder or underwriter and stated to be specifically for use therein. The indemnity agreement contained in this Section 5(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of MPC (which consent shall not be unreasonably withheld).

 

  (b)  

To the extent permitted by law, the Holder shall indemnify and hold harmless MPC, each of its officers and directors, and each person, if any, who controls MPC (within the meaning of Section 15 of the Securities Act) against all expenses, claims, losses, damages, and liabilities (or actions, proceedings, or settlements in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration

 

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statement, prospectus, offering circular, or other document (including any related registration statement, notification, or the like) incident to the registration of the Registrable Securities or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that any such untrue statement or omission arises out of or is based upon written information furnished to MPC by the Holder and stated to be specifically for use therein. The Holder shall reimburse MPC and each of its officers and directors, and each person, if any, who controls MPC (within the meaning of Section 15 of the Securities Act), for any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability, or action described in this Section 5(b). The indemnity agreement contained in this Section 5(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld).

 

  (c)   Each party entitled to indemnification under this Section 5 (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim (or threatened claim) as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of such claim or any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or any litigation resulting therefrom, shall be approved by the Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in such defense at such party’s expense, and provided further that the failure of any Indemnifying Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Agreement, to the extent such failure is not prejudicial. No Indemnifying Party, in the defense of such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim (or threatened claim) in question as an Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with defense of such claim and litigation resulting therefrom.

 

  (d)  

If the Indemnification provided for in this Section 5 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any loss, liability, claim, damage, or expense referred to therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or payable by such Indemnified Party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and on the Indemnified Party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage, or expense as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information is supplied by the Indemnifying Party or the Indemnified Party

 

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and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who is not guilty of such fraudulent misrepresentation.

 

6.   Conditions Precedent to Registration

 

MPC’s obligations under this Agreement to effect the registration of any Registrable Securities are subject to the agreement to and the performance by the Holder of such Registrable Securities of the obligations of the Holder contained in this Agreement, including, without limitation, the agreement by the Holder to pay certain expenses incurred in connection with the sale of the Registrable Securities pursuant to Section 3 hereof. Unless the Holder shall, if requested by MPC, complete, execute and deliver all agreements, questionnaires, indemnities, powers of attorney, underwriting agreements, and other documents customary in a proposed registration or deemed reasonably necessary by MPC to evidence the Holder’s agreements and obligations under this Agreement, MPC will have no obligation to register the Holder’s Registrable Securities.

 

7.   Rule 144; Form S-3

 

MPC shall use its reasonable best efforts to file all reports required to be filed by it under the Exchange Act so as to enable the Holder to sell shares pursuant to the exemption contained in Rule 144 under the Securities Act and to comply with the other eligibility requirements for use of Form S-3 set forth in the instructions to Form S-3.

 

8.   Effect of Breach

 

In addition to any other statutory, equitable, or common law remedy MPC may have, in the event the Holder materially breaches any of its obligations pursuant to this Agreement and fails to cure the breach within ten days of its receipt of notice from MPC of such breach, the Holder shall have no further rights under Section 2 hereof and this Agreement will thereupon terminate and be of no continued force or effect.

 

9.   Amendments and Waivers

 

Except as otherwise provided herein, any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of MPC and the Holder. Any amendment or waiver effected in accordance with this Section shall be binding upon any person or entity that is granted certain rights under this Agreement and upon MPC.

 

10.   Successors and Assigns

 

Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

11.   Notices

 

Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be effective upon the earlier of:

 

  (a)   hand delivery or delivery by telecopy or facsimile at the address or number designated below if delivered on a business day during normal business hours where such notice is to be received, or the first business day following such delivery if delivered other than on a business day during normal business hours where such notice is to be received;

 

  (b)   on the third business day following the date of mailing, by registered or certified mail, return receipt requested, postage prepaid; and

 

  (c)   on the first business day after delivery to an overnight delivery service if delivered by overnight delivery service to the following addresses:

 

If to Sagasco:

  Copy to:

Sagasco Amadeus Pty Limited

  Clayton Utz

Level 39, AMP Centre,

  Levels 22-35,

50 Bridge Street

  No. 1 O’Connell Street

Sydney, 2000 Australia

  Sydney NSW 2000 Australia

Attention: Company Secretary

  Attention: Graham Taylor, Esq.

 

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Fax: +612 9235 1661

  Fax: +612 8220 6700

If to MPC:

  Copy to:

Magellan Petroleum Corporation

  Murtha Cullina LLP

c/o G&O’D Inc.

  CityPlace I, 185 Asylum Street

Box 1146

  Hartford, Connecticut 06103-2469

Madison, Connecticut 06443-1146

  Attention: Timothy L. Largay, Esq.

Attention: Chief Executive Officer

  Fax: (860) 240-6150

Fax: (203) 245-8290

   

 

Any party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other parties notice in the manner herein set forth.

 

12.   Governing Law

 

This Agreement, and any dispute, controversy or claim arising out of or relating to this Agreement or a breach thereof, shall be governed by, and construed in accordance with, the internal laws of the State of Delaware without regard to the principles of conflict of laws thereof.

 

13.   Entire Agreement

 

This Agreement and the Share Sale Agreement and the other documents referred to herein constitute the entire agreement of the parties with respect to the subject matter hereof and supersedes any and all prior agreements of the parties with respect to the subject matter hereof.

 

14.   Counterparts

 

This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or by electronic transmission of an executed counterpart of any signature page to this Agreement to be executed hereunder shall have the same effectiveness as the delivery of a manually executed counterpart thereof.

 

15.   Severability

 

If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms.

 

16.   Titles and Subtitles

 

The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting any term or provision of this Agreement.

 

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IN WITNESS WHEREOF, MPC and Sagasco have executed this Registration Rights Agreement as of the day and year first above written.

 

MPC:

MAGELLAN PETROLEUM CORPORATION

By:


Name: James R. Joyce

Title: President

SAGASCO:

SAGASCO AMADEUS PTY LIMITED

By:


Name:

Title:

 

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[GRAPHIC APPEARS HERE]

 

Item 6

 

To

   Company Announcements Office    Facsimile    1300 300 021

Company

   Australian Stock Exchange Limited    Date    3 September 2003

From

   Bill Hundy    Pages    9

Subject

   APPENDIX 3B NOTICE          

 

Please find attached an Appendix 3B regarding the exercise of options under the Senior Executive Option Plan.

 

Regards

 

[GRAPHIC APPEARS HERE]

 

Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

Appendix 3B

New issue announcement


 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

Appendix 3B

 

New issue announcement,

application for quotation of additional securities

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

 

Name of entity

 

ORIGIN ENERGY LIMITED

 

ABN

 

30 000 051 696

 

We (the entity) give ASX the following information.

 

Part 1 - All issues

 

You must complete the relevant sections (attach sheets if there is not enough space).

 

1

   +Class of +securities issued or to be issued    Ordinary Fully Paid Shares

2

   Number of +securities issued or to be issued (if known) or maximum number which may be issued    38,900

3

   Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)    Fully Paid Ordinary Shares

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 48


Table of Contents

Appendix 3B

New issue announcement


 

4

   Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?    Yes
    

If the additional securities do not rank equally, please state:

 

•      the date from which they do

 

•      the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

 

•      the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    

5

   Issue price or consideration    $1.76

6

  

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

   Issued as a result of the exercise of Options issued pursuant to the rules of the Origin Energy Senior Executive Option Plan (previously the Boral Limited Senior Executive Option Plan)

7

   Dates of entering +securities into uncertificated holdings or despatch of certificates    29 August 2003 – 19,450
2 September 2003 – 19,450
          Number    +Class

8

   Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)    657,925,051    Ordinary

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 49


Table of Contents

Appendix 3B

New issue announcement


 

          Number    +Class

9

   Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)    11,296,700    Options

10

   Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)    All Shares Participate Equally

Part 2 - Bonus issue or pro rata issue

11

   Is security holder approval required?    N/A

12

   Is the issue renounceable or non-renounceable?    N/A

13

   Ratio in which the +securities will be offered    N/A

14

   +Class of +securities to which the offer relates    N/A

15

   +Record date to determine entitlements    N/A

16

   Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?    N/A

17

   Policy for deciding entitlements in relation to fractions    N/A

18

  

Names of countries in which the entity has +security holders who will not be sent new issue documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

   N/A

19

   Closing date for receipt of acceptances or renunciations    N/A

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 50


Table of Contents

Appendix 3B

New issue announcement


 

20

   Names of any underwriters    N/A

21

   Amount of any underwriting fee or commission    N/A

22

   Names of any brokers to the issue    N/A

23

   Fee or commission payable to the broker to the issue    N/A

24

   Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders    N/A

25

   If the issue is contingent on +security holders’ approval, the date of the meeting    N/A

26

   Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled    N/A

27

   If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders    N/A

28

   Date rights trading will begin (if applicable)    N/A

29

   Date rights trading will end (if applicable)    N/A

30

   How do +security holders sell their entitlements in full through a broker?    N/A

31

   How do +security holders sell part of their entitlements through a broker and accept for the balance?    N/A

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 51


Table of Contents

Appendix 3B

New issue announcement


 

32

   How do +security holders dispose of their entitlements (except by sale through a broker)?    N/A

33

   +Despatch date    N/A

 

Part 3 - Quotation of securities

 

You need only complete this section if you are applying for quotation of securities

 

34

  

Type of securities

(tick one)

(a)

   x    Securities described in Part 1

(b)

   ¨    All other securities
          Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

 

Tick to indicate you are providing the information or documents

 

35

   ¨    If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36

   ¨   

If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37

   ¨    A copy of any trust deed for the additional +securities

 

(now go to 43)

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 52


Table of Contents

Appendix 3B

New issue announcement


 

Entities that have ticked box 34(b)

 

38

   Number of securities for which +quotation is sought          

39

   Class of +securities for which quotation is sought          

40

  

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

 

If the additional securities do not rank equally, please state:

 

•      the date from which they do

 

•      the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

 

•      the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

         

41

  

Reason for request for quotation now

 

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another security, clearly identify that other security)

         
          Number    +Class

42

   Number and +class of all +securities quoted on ASX (including the securities in clause 38)          

 

(now go to 43)

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 53


Table of Contents

Appendix 3B

New issue announcement


 

All entities

 

Fees

 

43

   Payment method (tick one)
     ¨    Cheque attached
     ¨   

Electronic payment made

 

Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.

     x   

Periodic payment as agreed with the home branch has been arranged

 

Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

 

Quotation agreement

 

1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2   We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 54


Table of Contents

Appendix 3B

New issue announcement


 

3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 

 

Sign here:

  

 

LOGO


  Date: 3 September 2003
    

Company Secretary

   

Print name:

   William M Hundy    

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 55


Table of Contents

[GRAPHIC APPEARS HERE]

 

Item 7

 

ASX Release

 

September 2003

 

Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that the appraisal well Jingemia 2 located in the onshore Perth Basin Exploration Permit 413 was drilling ahead at 2357 meters at 08:30 hrs WST.

 

The Jingemia 2 appraisal well is being drilled from the Jingemia 1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the Jingemia 1 discovery well. The well is being located to intersect the edge of the Jingemia Field as currently mapped. The aim of the well is to better define the field oil water contact, give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support.

 

Participants in EP 413 and Jingemia 2 are:

 

Origin Energy Developments Pty Limited* (Operator)

   49.189 %

Hardman Oil and Gas Pty Ltd

   22.376 %

AWE (Perth Basin) Pty Ltd

   15.245 %

Victoria Petroleum NL

   5.000 %

Voyager Energy Limited

   6.270 %

Norwest Energy NL

   1.278 %

Roc Oil (WA) Pty Limited

   0.250 %

ARC Energy NL

   0.250 %

John Kevin Geary

   0.142 %

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

John Piper

Executive General Manager - Oil and Gas Production

Phone: 07 3858 0681

Email: john.piper@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

[GRAPHIC APPEARS HERE]

 

ASX Release

 

Item 8

 

8 September 2003

 

Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that the appraisal well Jingemia 2 located in the onshore Perth Basin Exploration Permit 413 was running in the hole and preparing to drill ahead at a measured depth of 2706 metres at 0600 hrs WST.

 

The primary objective Dongara Sandstone was intersected at 2699 metres measured depth approximately 42 metres deep to prognosis. Minor fluorescence and elevated gas shows were encountered over the top 3 metres of the reservoir section. The significance of these shows will be investigated by wireline logs and pressure measurements once the well has been drilled to total depth.

 

The Jingemia 2 appraisal well is being drilled from the Jingemia 1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the Jingemia 1 discovery well. The well is being located to intersect the edge of the Jingemia Field as currently mapped. The aim of the well is to better define the field oil water contact, give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support.

 

Participants in EP 413 and Jingemia 2 are:

 

Origin Energy Developments Pty Limited* (Operator)

   49.189 %

Hardman Oil and Gas Pty Ltd

   22.376 %

AWE (Perth Basin) Pty Ltd

   15.245 %

Victoria Petroleum NL

   5.000 %

Voyager Energy Limited

   6.270 %

Norwest Energy NL

   1.278 %

Roc Oil (WA) Pty Limited

   0.250 %

ARC Energy NL

   0.250 %

John Kevin Geary

   0.142 %

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

John Piper

Executive General Manager - Oil and Gas Production

Phone: 07 3858 0681

Email: john.piper@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

[GRAPHIC APPEARS HERE]

 

ASX Release

 

9 September 2003

Item 9

 

Onshore Taranaki Basin New Zealand - Tuihu-1a Weekly Progress Report

 

Origin Energy Resources (NZ) has been advised by the Operator, that the Tuihu-1A re-entry well, located in onshore Taranaki Basin permit PEP 38718, New Zealand, was side-tracked at 4090m on Sunday afternoon 7 September, and was drilling ahead at 4120m as of 0600 hrs this morning.

 

The Tuihu-1A re-entry well is designed to deepen the Tuihu-1 exploration well that was drilled in late 2000/early 2001 to a total depth of 4530m. During drilling of this well significant gas shows were encountered in fractured Oligocene sandstones. As a result, Tuihu-1 was suspended at that time pending further geological investigation.

 

Operations at the Tuihu-1A well are expected to take around 21 days to sidetrack and then drill to a total depth of 5100m. The primary targets are reservoirs within the Tariki Sandstone and the Kapuni Formation.

 

Tuihu-1A is located 6 kilometres from the Tariki gas pipeline, and if successful, could be brought on production rapidly.

 

Participants in the Tuihu-1A well are

 

Swift Energy New Zealand Limited

   50 %(Operator)

Origin Energy Resources NZ Limited

   20 %

New Zealand Oil and Gas Limited

   20 %

Indo Pacific NL (subject to regulatory approvals)

   10 %

For further information contact:

 

Rob Willink

General Manager Exploration

Telephone: 07 3858 0676

Email: rob.willink@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

[GRAPHIC APPEARS HERE]

 

Item 10

 

To

  

Company Announcements Office

  

Facsimile

  

1300 300 021

Company

  

Australian Stock Exchange Limited

  

Date

  

10 September 2003

From

  

Bill Hundy

  

Pages

  

2

Subject

  

OIL COMPANY OF AUSTRALIA – RESERVES UPGRADE IN DURHAM

 

Attached for your information is an announcement made today by Origin’s 88.07% owned subsidiary Oil Company of Australia Limited.

 

Regards

 

 

LOGO

 

Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

[GRAPHIC APPEARS HERE]

 

ASX Release

 

10 September 2003

 

Reserves Upgrade in Durham

 

Leading coal seam gas (CSG) producer, Oil Company of Australia (OCA) today announced a significant reserves upgrade in the Durham Ranch coal seam gas Field located in central Queensland.

 

The field that covers an area of 750 sqkm in ATPs 592P, 623P and 701PA, has to date confirmed by drilling and production testing, 648 petajoules (PJ) of recoverable proved plus probable reserves (2P reserves). This represents an upgrade to total reserves of around 500 PJs. OCA’s current interests in ATPs 592P, 623P and 701PA are 89.1%, 93.7% and 99.5% respectively.

 

The revised estimates arise from intensive activities undertaken over the last 12 months including the completion of a 12 well drilling and coring program over a large portion of the field and an extended production testing pilot located in a central part of the field. Reserve estimates have been undertaken in accordance with criteria established by the Society of Petroleum Engineers.

 

OCA Director, John Piper, said, “This result provides further confidence that the total recoverable resource potential of the Durham Ranch field will ultimately exceed 1000 PJ. This further consolidates CSG’s position as a real and competitive alternative to offshore gas.”

 

OCA expects to complete the Front End Engineering Design (FEED) for the full scale Durham development by end September 2003. Subsequent to this, OCA plans to proceed with further development including the drilling of a further 40 wells over the next 15 months, a major gas processing facility and pipeline connection to the Wallumbilla hub.

 

For further information contact:

 

Mr John Piper

Executive General Manager,

Oil and Gas Production

Phone: 07 3858 0681

Email: john.piper@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

[GRAPHIC APPEARS HERE]

 

Item 11

 

ASX Release

 

11 September 2003

 

Jingemia 2 Progress Report, Onshore Perth Basin, Western Australia

 

Origin Energy Resources Limited* advises that the appraisal well Jingemia 2 located in the onshore Perth Basin Exploration Permit 413 was at 0830 hours WST continuing wireline logging at a total measured depth of 2781metres.

 

The Jingemia 2 appraisal well is being drilled from the Jingemia 1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the Jingemia 1 discovery well. The well is being located to intersect the edge of the Jingemia Field as currently mapped. The aim of the well is to better define the field oil water contact, give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support.

 

Participants in EP 413 and Jingemia 2 are:

 

Origin Energy Developments Pty Limited* (Operator)

  49.189%       

Hardman Oil and Gas Pty Ltd

       22.376 %

AWE (Perth Basin) Pty Ltd

       15.245 %

Victoria Petroleum NL

       5.000 %

Voyager Energy Limited

       6.270 %

Norwest Energy NL

       1.278 %

Roc Oil (WA) Pty Limited

       0.250 %

ARC Energy NL

       0.250 %

John Kevin Geary

       0.142 %

*a wholly owned subsidiary of Origin Energy Limited

 

For further information contact:

 

John Piper

Executive General Manager - Oil and Gas Production

Phone: 07 3858 0681

Email: john.piper@upstream.originenergy.com.au

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

[GRAPHIC APPEARS HERE]

 

Item 12

 

To

  

Company Announcements Office

  

Facsimile

  

1300 300 021

Company

  

Australian Stock Exchange

  

Date

  

12 September 2003

From

  

Bill Hundy

  

Pages

  

9

Subject

  

SUBSTANTIAL HOLDER – CHANGE OF INTERESTS

 

We wish to advise that the substantial shareholding of Origin Energy Limited group in Oil Company of Australia Limited (OCA) has altered and attach the Form 604 Notice of Change of Interests of Substantial Holder.

 

Regards

 

 

LOGO

 

Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au

 

Copy to: Company Secretary

Oil Company of Australia Limited

 

Origin Energy Limited ABN 30 000 051 696 Ÿ Level 39, AMP Centre, 50 Bridge Street Sydney NSW 2000

GPO Box 5376, Sydney NSW 2001 Ÿ Telephone (02) 9220 6400 Ÿ Facsimile (02) 9235 1661 Ÿ www.originenergy.com.au


Table of Contents

Form 604

 

Corporations Act 2001

Section 671B

 

Notice of change of interests of substantial holder

 

To Company Name/Scheme

  

Oil Company of Australia Limited

ACN/ARSN

  

001 646 331

1. Details of substantial

holder (1)

Name

  

Origin Energy Limited and the other bodies corporate as set out in Annexure A (“Origin”)

ACN/ARSN (if applicable)

  

000 051 696

 

There was a change in the

interests of the substantial holder on

  

The dates set out in paragraph 3

The previous notice was given to the company on

  

07 / 08 / 2003

The previous notice was dated

  

07 / 08 / 2003

 

2. Previous and present voting power

 

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

 

Class of securities (4)


  

Previous notice


  

Present notice


  

Person’s votes


  

Voting power (5)


  

Person’s votes


  

Voting power (5)


ORD

  

103,439,157

  

87.96%

  

104,627,623

  

88.97%

 

3. Changes in relevant interests

 

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

 

Date of change

  

Person whose

relevant interest

changed


  

Nature of change (6)


  

Consideration

given in relation

to change (7)


  

Class and

number of

securities

affected


  

Person’s

votes

affected



Table of Contents

07/08/2003

  

BTS Pty Limited

   Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 35,000    35,000

08/08/2003

  

BTS Pty Limited

   Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 35,881    35,881

11/08/2003

  

BTS Pty Limited

   Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 31,000    31,000

12/08/2003

  

BTS Pty Limited

   Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 360    360

13/08/2003

  

BTS Pty Limited

   Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 587    587


Table of Contents

15/08/2003

   BTS Pty Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 20,000    20,000

21/08/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 4,400    4,400

25/08/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 71,000    71,000

26/08/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 6,560    6,560

27/08/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 8,000    8,000


Table of Contents

29/08/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 6,440    6,440

02/09/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 6,544    6,544

03/09/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 275    275

05/09/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 2,500    2,500

09/09/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 6,500    6,500


Table of Contents

10/09/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 18,800    18,800

11/09/2003

   Origin Energy Limited    Acquisitions of a relevant interest as a result of purchases of ordinary shares through on-market transactions on ASX    $ 4.24 per share    ORD 2,000    2,000


Table of Contents
25/08/2003 to 12/09/2003    Origin Energy Limited    Origin’s relevant interest in OCA has increased under section 608(1) as a result of acceptances being received by Origin in respect of the offers made by Origin under its takeover bid to acquire all of the ordinary shares in OCA, the terms of which are set out in the bidder’s statement which is dated 6 August 2003 and which has previously been sent to OCA and ASX on 20 August 2003 (“Takeover Bid”).    $ 4.25 per share   

932,619 ordinary
shares as follows:

 

25/08/03 - 27,133

26/08/03 - 12,217
27/08/03 - 55,302

28/08/03 - 41,312

 

29/08/03 - 46,248

01/09/03 - 70,545
02/09/03 - 16,998

03/09/03 - 7,136

 

04/09/03 - 3,660
05/09/03 - 369,175

08/09/03 - 8,509

 

09/09/03 - 54,059
10/09/03 - 5,640

11/09/03 - 22,486

 

12/09/03 - 192,199

   932,619

 

4. Present relevant interests

 

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

 

Holder of relevant
interest


   Registered holder of
securities


   Person entitled to be
registered as holder
(8)


   Nature of relevant
interest (6)


  

Class and number

of securities


   Person’s votes

Origin Energy Limited    Origin Energy Limited    Origin Energy
Limited
   Holder of securities    104,189,803    104,189,803


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Origin Energy Holdings Limited    Origin Energy Holdings Limited    Origin Energy Holdings Limited    Holder of securities    1    1
Origin Energy Limited    Origin Energy Resources Limited    Origin Energy Limited    Beneficial Holder of securities    1    1
Origin Energy Retail Limited    Origin Energy Retail Limited    Origin Energy Retail Limited    Holder of Securities    1    1
Origin Energy Limited    Origin Energy Services Limited    Origin Energy Limited    Beneficial Holder of Securities    1    1
BTS Pty Limited    BTS Pty Limited or those persons from whom BTS Pty Limited purchased the shares through on-market transactions on ASX    BTS Pty Limited    Beneficial Owner    437,816    437,816


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5. Changes in association

 

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

 

Name and ACN/ARSN (if applicable)


  

Nature of association


N/A

    
      

 

6. Addresses

 

The addresses of persons named in this form are as follows:

 

Name


  

Address


Origin Energy Limited

   Level 39, AMP Centre, 50 Bridge Street, Sydney, NSW 2000

Bodies corporate set out in Annexure A

  

See Annexure A

 


Signature

    

print name

  

William M Hundy

       

capacity Secretary

         
    

sign here

  

LOGO

       

date 12/ 9 / 2003

         

 

DIRECTIONS

 

(1)   If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

 

(2)   See the definition of “associate” in section 9 of the Corporations Act 2001.

 

(3)   See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

 

(4)   The voting shares of a company constitute one class unless divided into separate classes.

 

(5)   The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

 

(6)   Include details of:

 

  (a)   any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

 

  (b)   any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

 

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.


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(7)   Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

 

(8)   If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write “unknown”.

 

(9)   Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.


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ANNEXURE A

 

This is Annexure A of 4 pages referred to in Form 604 signed by me and dated 12 September 2003.

 

Signed:

  

LOGO

Dated:

  

12 September 2003

 

The following is a list of the related bodies corporate of Origin Energy Limited:

 

Entity


 

Address


Amadeus United States Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Angari Pty Ltd

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

BESP Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

BTS Pty Limited

  Level 6, 1 King William Street, Adelaide SA 5000

FRL Pty Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Gasmart (Vic) Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Huddart Parker Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Hylemit Pty Limited

  78 Wyndham Street, Shepparton VIC 3630

OCA (CSG) Pty Limited

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

OCA (Durham) Pty Limited

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

OCA Holdings Pty Limited

  Level 1, North Tower, John Oxley Centre 339 Coronation Drive, Milton QLD 4064

OE JV Co Pty Ltd

  Level 39, 50 Bridge Street, Sydney NSW 2000

OE SEA Gas Holdings Pty Ltd

  Level 39, 50 Bridge Street, Sydney NSW 2000

OE SEA Gas SPV2 Pty Ltd

  Level 39, 50 Bridge Street, Sydney NSW 2000

OE SEA Gas SPV3 Pty Ltd

  Level 39, 50 Bridge Street, Sydney NSW 2000

Oil Company of Australia (Moura) Pty Ltd

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Oil Company of Australia (Moura) Transmissions Pty Ltd

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Oil Company of Australia Ltd

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Oil Investments Ltd

  Level 1, North Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064


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Origin (LGC) (Aust) Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy (Vic) Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Amadeus NL

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Origin Energy American Samoa Inc

  Nu’uuli, American Samoa

Origin Energy Asset Management Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Asset Management Services Pty Ltd

  Level 39, 50 Bridge Street, Sydney NSW 2000

Origin Energy Australia Holding BV

  Level 39, 50 Bridge Street, Sydney NSW 2000

Origin Energy Bonaparte Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Origin Energy Contracting Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Cook Islands Ltd

  Avarua, Rarotonga, Cook Islands

Origin Energy Developments Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Origin Energy Electricity Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Finance Company Pty Limited

  Level 39, 50 Bridge Street, Sydney NSW2000

Origin Energy Holdings Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Industries Limited

  12 Waione Street, Petone, Wellington New Zealand

Origin Energy LPG Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Ltd

  Level 39 AMP Centre, 50 Bridge Street, Sydney NSW 2000

Origin Energy Mt Stuart BV

  Level 39, 50 Bridge Street, Sydney NSW 2000

Origin Energy Northwest Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Origin Energy NZ Share Plan Limited

  12 Waione Street, Petone, New Zealand

Origin Energy Petroleum Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Origin Energy Pipelines (Vic) Holdings Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Pipelines (Vic) Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Pipelines Pty Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy PNG Ltd

  Napa Napa Road, Kanudi, Port Moresby

Origin Energy Power Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Resources Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Origin Energy Resources NZ Ltd

  12 Waione Street, Petone, Wellington, New Zealand

Origin Energy Retail Ltd

  Level 6, 1 King William Street, Adelaide SA 5000


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Origin Energy SA Pty Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Samoa Ltd

  Sogi, Samoa

Origin Energy Services Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Solar Pty Limited

  Level 39, 50 Bridge Street, Sydney NSW 2000

Origin Energy Solomons Ltd

  Mendana Avenue, Honiara, Solomon Islands

Origin Energy SWC Limited

  Level 18, 1 Spring Street, Melbourne VIC 3000

Origin Energy Tasmania Limited

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Vanuatu Ltd

  Rue Pasteur, Port Vila, Vanuatu

Origin Energy WA Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000

Origin Energy Water Management Pty Ltd

  Level 39, 50 Bridge Street, Sydney NSW 2000

Origin Energy Zoca 91-08 Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Parbond Pty Limited

  Level 39, 50 Bridge Street, Sydney NSW 2000

Sagasco Amadeus Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Sagasco NT Pty Ltd

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

Sagasco Southeast Inc

  Level 2, South Tower, John Oxley Centre, 339 Coronation Drive, Milton QLD 4064

The Albury Gas Company Limited

  Level 6, 1 King William Street, Adelaide SA 5000

The Fiji Gas Co. Ltd

  Cnr Amra Street & Foster Road, Walu Bay, Suva Fiji

Tonga Gas Ltd

  Cnr Amra Street & Foster Road, Walu Bay, Suva Fiji

Vic Gas Distribution Pty Ltd

  Level 6, 1 King William Street, Adelaide SA 5000


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Item 13

 

To

  

Company Announcements Office

  

Facsimile

  

1300 300 021

Company

  

Australian Stock Exchange Limited

  

Date

  

12 September 2003

From

  

Bill Hundy

  

Pages

  

9

Subject

   APPENDIX 3B NOTICE

 

Please find attached an Appendix 3B regarding the exercise of options under the Senior Executive Option Plan.

 

Regards

 

LOGO

 

Bill Hundy

Company Secretary

 

02 9220 6467 – bill.hundy@originenergy.com.au


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Appendix 3B

New issue announcement


 

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

 

Appendix 3B

 

New issue announcement,

application for quotation of additional securities

and agreement

 

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

 

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002.

 

Name of entity

 

ORIGIN ENERGY LIMITED

 

ABN

 

30 000 051 696

 

We (the entity) give ASX the following information.

 

Part 1 - All issues

 

You must complete the relevant sections (attach sheets if there is not enough space).

 

1

  

+Class of +securities issued or to be

issued

  

Ordinary Fully Paid Shares

2

  

Number of +securities issued or to

be issued (if known) or maximum

number which may be issued

  

34,750

3

  

Principal terms of the +securities

(eg, if options, exercise price and

expiry date; if partly paid

+securities, the amount outstanding

and due dates for payment; if

+convertible securities, the

conversion price and dates for

conversion)

  

Fully Paid Ordinary Shares

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 76


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Appendix 3B

New issue announcement


 

4

  

Do the +securities rank equally in all

respects from the date of allotment

with an existing +class of quoted

+securities?

 

If the additional securities do not rank equally, please state:

   Yes
        the date from which they do     
        the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment     
        the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment     

5

   Issue price or consideration   

14,750 @ $1.76

20,000 @ $1.66

6

  

Purpose of the issue

(If issued as consideration for the

acquisition of assets, clearly identify

those assets)

  

Issued as a result of the exercise of

Options issued pursuant to the rules

of the Origin Energy Senior Executive

Option Plan (previously the Boral

Limited Senior Executive Option Plan)

7

   Dates of entering +securities into uncertificated holdings or despatch of certificates    11 September 2003
          Number    +Class

8

   Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)    657,959,801    Ordinary

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 77


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Appendix 3B

New issue announcement


 

          Number    +Class
9    Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)    11,261,950    Options
10    Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)    All Shares Participate Equally
Part 2 - Bonus issue or pro rata issue
11    Is security holder approval required?    N/A
12    Is the issue renounceable or non-renounceable?    N/A
13    Ratio in which the +securities will be offered    N/A
14    +Class of +securities to which the offer relates    N/A
15    +Record date to determine entitlements    N/A
16    Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?    N/A
17    Policy for deciding entitlements in relation to fractions    N/A
18   

Names of countries in which the entity has +security holders who will not be sent new issue documents

 

Note: Security holders must be told how their entitlements are to be dealt with.

 

Cross reference: rule 7.7.

   N/A
19    Closing date for receipt of acceptances or renunciations    N/A

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 78


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Appendix 3B

New issue announcement


 

20    Names of any underwriters    N/A
21    Amount of any underwriting fee or commission    N/A
22    Names of any brokers to the issue    N/A
23    Fee or commission payable to the broker to the issue    N/A
24    Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders    N/A
25    If the issue is contingent on +security holders’ approval, the date of the meeting    N/A
26    Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled    N/A
27    If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders    N/A
28    Date rights trading will begin (if applicable)    N/A
29    Date rights trading will end (if applicable)    N/A
30    How do +security holders sell their entitlements in full through a broker?    N/A
31    How do +security holders sell part of their entitlements through a broker and accept for the balance?    N/A

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 79


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Appendix 3B

New issue announcement


 

32    How do +security holders dispose of their entitlements (except by sale through a broker)?    N/A
33    +Despatch date    N/A

 

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

 

34   

Type of securities

(tick one)

(a)    x    Securities described in Part 1
(b)    ¨    All other securities
          Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

 

Entities that have ticked box 34(a)

 

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)

 

Tick to indicate you are providing the information or

documents

 

35    ¨    If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36    ¨    If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
         

1 - 1,000

1,001 - 5,000

5,001 - 10,000

10,001 - 100,000

100,001 and over

37    ¨    A copy of any trust deed for the additional +securities

 

(now go to 43)

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 80


Table of Contents

Appendix 3B

New issue announcement


 

Entities that have ticked box 34(b)

 

38    Number of securities for which +quotation is sought               
39    Class of +securities for which quotation is sought               
40   

Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

 

If the additional securities do not rank equally, please state:

              
        the date from which they do               
        the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment               
        the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment               
41   

Reason for request for quotation now

 

Example: In the case of restricted securities, end of restriction period

 

(if issued upon conversion of another security, clearly identify that other security)

              
          Number    +Class     
42    Number and +class of all +securities quoted on ASX (including the securities in clause 38)               

 

(now go to 43)

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 81


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Appendix 3B

New issue announcement


 

All entities

 

Fees

 

43    Payment method (tick one)
     ¨    Cheque attached
     ¨    Electronic payment made
          Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.
     x    Periodic payment as agreed with the home branch has been arranged
          Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

 

Quotation agreement

 

1   +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

 

2   We warrant the following to ASX.

 

    The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

 

    There is no reason why those +securities should not be granted +quotation.

 

    An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

 

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

 

    Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

 

    We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

 

    If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

 

3   We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

 

4   We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 82


Table of Contents

Appendix 3B

New issue announcement


 

Sign here:

 

LOGO


      Date: 13 September 2003
   

Company Secretary

       

Print name:

 

William M Hundy

       

 


+ See chapter 19 for defined terms.

 

11/3/2002

  Appendix 3B Page 83


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Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    Origin Energy Limited

By:/s/ WILLIAM HUNDY


Name:

 

William Hundy

Title:

 

Company Secretary

 

Date: September 17, 2003