ASX:BPTOil and Gas
Beach Energy Royalties To Newport Raise Questions On Value And Dividends
Beach Energy (ASX:BPT) continues to make royalty payments to Newport Exploration linked to its Cooper Basin production.
These payments reflect Newport Exploration's overriding royalty interest over certain Beach Energy operated permits.
The arrangement highlights the ongoing cash flow generated from Beach Energy's Cooper Basin assets.
Beach Energy, trading at A$1.08, has seen its share price fall 4.4% over the past week and 8.1% over the past month. Over longer periods, the stock is down...