ASX:BPTOil and Gas
Should Beach Energy’s Production Dip and New Debt-Funded Drilling Plan Matter to (ASX:BPT) Investors?
Beach Energy’s latest quarterly update showed a 9% quarter-on-quarter production fall driven by lower Otway Basin gas output, reduced oil liftings and softer LNG pricing, partly offset by higher realised gas prices, while flood-hit operations were largely restored and the Waitsia Gas Plant began exporting gas.
An interesting angle is Beach Energy’s expanded 12-well Cooper Basin drilling campaign and A$300 million term loan, which together underline its commitment to funding growth across...