Origin rejects capital raising talk

Grant King stands by cost estimates as investors fear dilutive equity sale.

Origin Energy Ltd managing director Grant King says the company's balance sheet is strong enough to fund its share of the huge Australian Pacific LNG project, although he admits his assurances rest on cost estimates from 2012.

His comments came amid ongoing investor fears that cost overruns could force the energy retailer, which owns 35% of the $24.7 billion project, into a dilutive equity raising.


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