ASX:BPTOil and Gas
Beach Energy Sells VIC L35 Stake As Valuation Flags Undervaluation
Beach Energy (ASX:BPT) has agreed to sell its 60% operated interest in petroleum production licence VIC/L35, which includes the Artisan gas discovery.
The interest is being acquired by Amplitude Energy and O.G. Otway, with the deal structured as upfront cash plus ongoing royalty arrangements.
The transaction is subject to customary conditions precedent before completion.
The sale represents a material shift in Beach Energy's asset mix and future cash flow profile.
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