ASX:BPTOil and Gas
A Look At Beach Energy’s Valuation As Drilling Campaign Resumes And Oil Encounters Support Further Field Development
Beach Energy (ASX:BPT) has resumed its 12 well oil appraisal and development campaign after severe rainfall temporarily halted drilling, reporting oil encounters at Stunsail West 1 and positive appraisal results at the Kangaroo wells.
See our latest analysis for Beach Energy.
The latest operational update arrives against a weaker backdrop, with a 30 day share price return showing a decline of 10.79% and a 1 year total shareholder return reflecting a loss of 6.24%. This suggests that optimism...