Tillkännagivande • Jul 24
Beach Energy Ltd Reports 100% Success Rate from New Wells Drilled in the Cooper Basin Beach Energy Ltd. reported that fourth quarter production from the Western Flank was in-line with the prior quarter. Oil production was 11% above the prior quarter due to restoration of flood impacted oil wells and production from new well connections. The remaining flood impacted wells are expected to be progressively restored in Beach's First Half Fiscal Year 2027. Gas and gas liquids production was 18% below the prior quarter, primarily due to a planned annual shutdown to perform maintenance activities at the Middleton Gas Plant. Beach Energy Ltd. continued its 12-well oil appraisal and development drilling campaign with three horizontal development wells drilled during the quarter, including the quad-lateral Bauer 70 well. The Stunsail 7 DW1 well encountered oil in the primary McKinlay reservoir. The Bauer 70 well targeted the McKinlay reservoir, and the Spitfire 14 well (not on the Company's GOR licences) encountered oil in the primary Birkhead reservoir. All wells were cased and suspended, with two wells brought online after quarter end. In their Second Quarter Fiscal Year 2027, Beach Energy Ltd. plans to complete their exploration, appraisal and development campaign and plans to drill two oil development wells in the Bauer and Kalladeina fields, one contingent well, and eight oil exploration wells. Tillkännagivande • Jul 22
Beach Energy Limited to Report Fiscal Year 2026 Results on Aug 06, 2026 Beach Energy Limited announced that they will report fiscal year 2026 results on Aug 06, 2026 Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shaun Gregory was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shaun Gregory was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 29
Beach Energy Limited to Report First Half, 2026 Results on Feb 05, 2026 Beach Energy Limited announced that they will report first half, 2026 results on Feb 05, 2026 Board Change • Dec 24
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shaun Gregory was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 10
Beach Energy Limited, Annual General Meeting, Nov 12, 2025 Beach Energy Limited, Annual General Meeting, Nov 12, 2025. Location: adelaide convention centre, city rooms 1 and 2, north terrace, adelaide Australia Tillkännagivande • Aug 25
Beach Energy Limited Announces Board Changes Beach Energy Ltd. advised that Dr Peter Moore has indicated his intention to retire from the Board at the conclusion of Beach's Annual General Meeting in November 2025, after eight years of service. In anticipation of Dr Moore's retirement, the Board announced the appointment of Mr. Shaun Gregory as an independent non-executive director, effective 1 September 2025. Mr. Gregory is a geoscientist with over 30 years of experience in the oil, gas and energy industry. He began his career at BHP Petroleum before joining Woodside Energy in 1995, where he held a range of senior technical and executive roles including Chief Geophysicist, Vice President Exploration Technology, General Manager Browse, Vice President Global New Ventures, Executive Vice President and Chief Technology Officer. Most recently, from 2022 to mid-2025, Mr. Gregory was Executive Vice President New Energy, responsible for the strategy and execution of Woodside's new energy business. Mr. Gregory holds a Bachelor of Science (Honours) in Mathematical Geophysics from the University of Western Australia and a Masters of Business and Technology from the University of New South Wales. Declared Dividend • Aug 18
Final dividend of AU$0.06 announced Shareholders will receive a dividend of AU$0.06. Ex-date: 28th August 2025 Payment date: 30th September 2025 Dividend yield will be 7.1%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (81% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Tillkännagivande • Jul 31
Beach Energy Limited to Report Fiscal Year 2025 Results on Aug 04, 2025 Beach Energy Limited announced that they will report fiscal year 2025 results on Aug 04, 2025 Tillkännagivande • Feb 12
Chinese Suitor Reportedly to Offload $300M CSG Asset Westside Energy Limited is believed to have launched a sale process for the Meridian Gas Plant in Queensland's Bowen Basin, with Beach Energy Limited (ASX:BPT) and Gladstone LNG Pty Ltd. (GLNG) named as possible buyers. The half share in the asset is thought to be worth about $300 million. Westside owns it in joint venture with Japan's Mitsui. China's Landbridge Group is Westside's owner. Speculation has been mounting that the Kerry Stokes-backed Beach Energy is on the hunt for CSG opportunities in Queensland, but was focused on those of scale. The David Crisafulli-led state government is welcoming new CSG developments there. The Queensland-based Gladstone LNG, or GLNG as it is known, is a joint venture involving Santos, Petronas, TotalEnergies and KOGAS. Meridian consists of CSG permits that are the closest producing gas fields to the LNG export facilities at Gladstone. They are connected to both the GLNG pipeline and the domestic market via the Queensland Gas Pipeline. Westside is also a participant in the Wallumbilla Gas Exchange and can supply gas into the east coast domestic gas market via the Wallumbilla Hub. Developments have been underpinned by a 20-year gas sale agreement to sell gas to the GLNG project at oil-linked prices, offering long-term customer security and a flexible path to expand production. Other potential suitors include Origin Energy through APLNG or the Shell-backed QLNG Curtis LNG project. Westside is understood to have appointed an investment banking adviser to the sale. Declared Dividend • Feb 08
First half dividend increased to AU$0.03 Dividend of AU$0.03 is 50% higher than last year. Ex-date: 27th February 2025 Payment date: 31st March 2025 Dividend yield will be 3.7%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 95% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 07
First half 2025 earnings released: EPS: AU$0.097 (vs AU$0.15 loss in 1H 2024) First half 2025 results: EPS: AU$0.097 (up from AU$0.15 loss in 1H 2024). Revenue: AU$1.04b (up 6.3% from 1H 2024). Net income: AU$222.3m (up AU$567.4m from 1H 2024). Profit margin: 21% (up from net loss in 1H 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 30
Beach Energy Limited to Report First Half, 2025 Results on Feb 06, 2025 Beach Energy Limited announced that they will report first half, 2025 results on Feb 06, 2025 Tillkännagivande • Aug 14
Beach Energy Limited Announces Fully Franked Final Dividend for 2024, Payable on September 30, 2024 Beach Energy Limited announced that since the end of the financial year the directors have resolved to pay a fully franked dividend of 2.0 cents per share on 30 September 2024. The record date for entitlement to this dividend is 30 August 2024. The financial impact of this dividend, amounting to $45.6 million has not been recognised in the Financial Statements for the year ended 30 June 2024 and will be recognised in subsequent Financial Statements. Declared Dividend • Aug 14
Final dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 29th August 2024 Payment date: 30th September 2024 Dividend yield will be 3.1%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Aug 13
Full year 2024 earnings released: AU$0.21 loss per share (vs AU$0.18 profit in FY 2023) Full year 2024 results: AU$0.21 loss per share (down from AU$0.18 profit in FY 2023). Revenue: AU$1.80b (up 9.2% from FY 2023). Net loss: AU$475.3m (down 219% from profit in FY 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • May 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Tillkännagivande • Mar 12
Beach Energy Limited Appoints Sally Martin as an Independent Non-Executive Director Beach Energy Limited announced the appointment of Ms Sally Martin as an independent non-executive director, effective from 11 March 2024. Ms Martin is a former senior executive who held various roles at Shell over a 34-year career. She has extensive operational and business team leadership experience in complex industrial environments including refining and trading. Ms Martin has strong ESG credentials, including in energy transition strategy development as Vice President Health, Safety, Security, Environment & Social Performance at Shell. Ms Martin is an independent non-executive director of copper mining company Sandfire Resources and is the senior independent non-executive director of Porvair Plc. (LON: PRV), a specialist filtration and environmental technology company. She holds a Bachelor of Engineering degree from University College Cork, Ireland and is a Member of the Australian Institute of Company Directors. Upcoming Dividend • Feb 22
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 28 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Australian dividend payers (6.7%). Lower than average of industry peers (9.5%). Declared Dividend • Feb 14
First half dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 28th February 2024 Payment date: 28th March 2024 Dividend yield will be 2.3%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Feb 13
First half 2024 earnings released: AU$0.15 loss per share (vs AU$0.091 profit in 1H 2023) First half 2024 results: AU$0.15 loss per share (down from AU$0.091 profit in 1H 2023). Revenue: AU$953.9m (up 15% from 1H 2023). Net loss: AU$345.1m (down 267% from profit in 1H 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Sally-Anne Layman was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 12
Beach Energy Ltd Announces Board Changes Beach Energy Ltd. announced current chairman Mr. Glenn Davis will retire as a director at the commencement of the 2023 Beach Annual General Meeting (AGM) on 14 November 2023. Mr. Davis has served as a director since 2007 and as chairman since 2012. Upon Mr. Davis' retirement, Mr. Ryan Stokes AO will be appointed Interim Chair until the preferred candidate becomes available. Mr. Stokes has considerable experience as Managing Director of Seven Group Holdings Ltd. and as Chairman of Boral Ltd. and Chair of the National Gallery of Australia. As Mr. Stokes is managing director of SGH who are long term holders of 30% of Beach, the board will at the same time appoint Dr. Peter Moore as lead independent director. Tillkännagivande • Sep 15
Woodside Energy's Pyrenees and Macedon Oil and Gas Projects Reportedly Up for Sale through Morgan Stanley Australian listed energy groups may be getting busy on the acquisitions front, with talk of interest in Woodside Energy Group Ltd. (ASX:WDS)'s Pyrenees and Macedon oil and gas projects up for sale through Morgan Stanley. DataRoom understands bids for the assets, which are expected to sell for between $500 million and $1 billion, are due next month. Among the groups set to put in an offer are Carnarvon Energy Limited (ASX:CVN). Carnarvon, the joint owner of the Dorado project in Western Australia with Santos, has a market value of $270 million but now has $175 million of cash on its balance sheet which it is keen to put to work. Canarvon recently finalised a deal with Taiwan's CPC Corp. to sell a 10% stake in its Dorado and Pavo projects, about 140km off the cost of Port Hedland, for an all-up payment of $146 million. Canarvon recently finalised a deal with Taiwan's CPC Corp. to sell a 10% stake in its Dorado and Pavo projects, about 140km off the cost of Port Hedland, for an all-up payment of $146 million. Other groups believed to be keen are Beach Energy Limited (ASX:BPT) and Cooper Energy Limited (ASX:COE). However, the talk is that both need funding partners and are in the market hunting for a joint venture suitor. And sourcing funding, particularly debt, for oil and gas is never an easy assignment as investors favour renewable energy opportunities amid concerns over climate change impacts. Upcoming Dividend • Aug 28
Upcoming dividend of AU$0.02 per share at 2.6% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (10%). Reported Earnings • Aug 15
Full year 2023 earnings released: EPS: AU$0.18 (vs AU$0.22 in FY 2022) Full year 2023 results: EPS: AU$0.18 (down from AU$0.22 in FY 2022). Revenue: AU$1.65b (down 7.1% from FY 2022). Net income: AU$400.8m (down 20% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Oil reserves Proven reserves: 14.3 MMbbls Gas reserves Proven reserves: 562 Bcf Combined production Oil equivalent production: 19.5 MMboe (21.8 MMboe in FY 2022) Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Tillkännagivande • Aug 14
Beach Energy Limited, Annual General Meeting, Nov 14, 2023 Beach Energy Limited, Annual General Meeting, Nov 14, 2023. Location: Adelaide Convention Centre North Terrace, Adelaide, South Australia 5000 Adelaide Australia Tillkännagivande • Aug 07
Beach Energy Limited to Report Fiscal Year 2023 Results on Aug 14, 2023 Beach Energy Limited announced that they will report fiscal year 2023 results on Aug 14, 2023 Tillkännagivande • Jul 24
Beach Energy Limited Announces Director Changes Beach Energy Limited announced that with effect from 23 July 2023: Mr. Ryan Stokes has been appointed as a non-executive director; and Ms. Margaret Hall retires as a non-executive director and has been appointed as an alternate director to Mr. Ryan Stokes. Mr. Stokes is the Managing Director & Chief Executive Officer of Seven Group Holdings Limited. Ms Hall's appointment as an alternate director for Mr. Stokes will continue until termination in accordance with Beach's Constitution. Both Mr. Stokes and Ms. Hall will be subject to the existing protocols and other arrangements which govern therelationship between Beach and Seven Group. Tillkännagivande • May 09
Beach Energy Ltd Appoints Bruce Clement as an Independent Non-Executive Director Beach Energy Ltd. announced the appointment of Mr. Bruce Clement as an independent non-executive director, effective from 8 May 2023. Mr. Clement has over 40 years of domestic and international energy industry experience. He has managed oil and gas exploration, development and production operations in Australia and Asia and has delivered key projects across these regions and in the UK and US. He also has extensive experience and knowledge of the Perth Basin, including overseeing the discovery of the Waitsia gas field as Managing Director of AWE. Mr. Clement previously held engineering, senior management, and board positions with several companies including Santos, Norwest Energy, AWE, ExxonMobil and Roc Oil. He is currently a non-executive director of Horizon Oil. Mr. Clement holds a Bachelor of Engineering (Civil) Hons and a Bachelor of Science (Maths & Computer Science) from Sydney University and a Masters of Business Administration from Macquarie University. Upcoming Dividend • Feb 20
Upcoming dividend of AU$0.02 per share at 2.7% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Australian dividend payers (6.8%). Lower than average of industry peers (7.5%). Reported Earnings • Feb 14
First half 2023 earnings released: EPS: AU$0.091 (vs AU$0.093 in 1H 2022) First half 2023 results: EPS: AU$0.091 (down from AU$0.093 in 1H 2022). Revenue: AU$827.0m (up 3.7% from 1H 2022). Net income: AU$207.2m (down 2.7% from 1H 2022). Profit margin: 25% (down from 27% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 10
Beach Energy Ltd Appoints David Lim as Company Secretary Beach Energy Ltd. announced the appointment of Mr. David Lim as Company Secretary, effective immediately. Mr. Lim is an experienced company secretary and lawyer with more than 30 years of experience across various industries. Mr. Lim and Ms Susan Jones (previously announced on 23 September 2022) will be responsible for communications with the ASX pursuant to Listing Rule 12.6. Tillkännagivande • Feb 06
Beach Energy Limited to Report First Half, 2023 Results on Feb 13, 2023 Beach Energy Limited announced that they will report first half, 2023 results on Feb 13, 2023 Tillkännagivande • Jan 31
Beach Energy Limited to Report Q2, 2023 Results on Jan 31, 2023 Beach Energy Limited announced that they will report Q2, 2023 results on Jan 31, 2023 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$1.61, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in Australia. Total loss to shareholders of 37% over the past three years. Recent Insider Transactions • Aug 24
Independent Non-Executive Director recently bought AU$119k worth of stock On the 19th of August, Robert Jager bought around 70k shares on-market at roughly AU$1.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$414k more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Australian dividend payers (6.4%). Lower than average of industry peers (5.3%). Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 15% share price gain to AU$1.77, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Oil and Gas industry in Australia. Total loss to shareholders of 11% over the past three years. Upcoming Dividend • Feb 18
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Australian dividend payers (5.3%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 17
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.093 (up from AU$0.056 in 1H 2021). Revenue: AU$797.4m (up 9.8% from 1H 2021). Net income: AU$212.9m (up 66% from 1H 2021). Profit margin: 27% (up from 18% in 1H 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to stay flat compared to a 48% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Recent Insider Transactions • Dec 07
Alternate Director recently bought AU$175k worth of stock On the 3rd of December, Ryan Stokes bought around 150k shares on-market at roughly AU$1.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$794k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 30
Non Executive Director recently bought AU$120k worth of stock On the 26th of November, Richard Richards bought around 100k shares on-market at roughly AU$1.20 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$619k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.24, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Oil and Gas industry in Australia. Total loss to shareholders of 40% over the past three years. Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 30 September 2021. Trailing yield: 1.9%. Lower than top quartile of Australian dividend payers (5.1%). Lower than average of industry peers (2.2%). Recent Insider Transactions • May 04
Non Executive Director recently bought AU$254k worth of stock On the 3rd of May, Richard Richards bought around 200k shares on-market at roughly AU$1.27 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$329k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorated over the past week After last week's 24% share price decline to AU$1.27, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Oil and Gas industry globally. Total loss to shareholders of 20% over the past three years. Recent Insider Transactions • Mar 04
Independent Non-Executive Director recently bought AU$75k worth of stock On the 23rd of February, Sally-Anne Layman bought around 45k shares on-market at roughly AU$1.66 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Tillkännagivande • Mar 03
Beach Energy Limited (ASX:BPT) completed the acquisition of South Australian Cooper Basin Assets from Senex Energy Limited (ASX:SXY). Beach Energy Limited (ASX:BPT) entered into an agreement to acquire South Australian Cooper Basin Assets from Senex Energy Limited (ASX:SXY) for AUD 87.5 million on November 3, 2020. Cooper Basin assets includes: i) 60% operated interest in ex PEL 104 and ex PEL 111, including the Growler, Snatcher and Spitfire oilfields and associated infrastructure. Beach’s interest in these permits will be 100% following completion ii) 60% operated interest in the Growler to Lycium Flowline System and a 40% interest in the Lycium to Moomba Flowline System. Beach’s interest in these assets will be 100% following completion iii) A 100% operated interest in PPL 270, containing the producing Gemba gas field iv) A 70% operated interest in PPL 207, containing the producing Worrior oil field. Senex expects rehabilitation obligations associated with the Cooper Basin assets to transfer on completion. The acquisition will be funded from existing cash and debt facilities. The sale is subject to customary conditions, including Senex financier consents and regulatory approvals. The sale is effective from July 1, 2020 and the completion of transaction is expected in the first quarter of 2021. As of February 22, 2021, the transaction is expected to complete on March 1, 2021.
Rothschild & Co acted as financial advisor and Allens acted as legal advisor for Senex Energy Limited. Peter Rose, Andrew Wilton, Wolfgang Hellmann and James Marshall of Johnson Winter & Slattery acted as legal advisors for Beach Energy.
Beach Energy Limited (ASX:BPT) completed the acquisition of South Australian Cooper Basin Assets from Senex Energy Limited (ASX:SXY) on March 1, 2021. Recent Insider Transactions • Feb 25
Independent Non-Executive Director recently bought AU$75k worth of stock On the 23rd of February, Sally-Anne Layman bought around 45k shares on-market at roughly AU$1.66 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$121k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Feb 20
New 90-day low: AU$1.61 The company is down 4.0% from its price of AU$1.67 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$9.32 per share. Upcoming Dividend • Feb 18
Upcoming Dividend of AU$0.01 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 25th of February. The trailing yield of 1.2% is below the top quartile of Australian dividend payers (5.0%), and is lower than industry peers (3.4%). Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 8.7%, compared to a 38% growth forecast for the Oil and Gas industry in Australia. Reported Earnings • Feb 17
First half 2021 earnings released: EPS AU$0.056 (vs AU$0.12 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$726.3m (down 23% from 1H 2020). Net income: AU$128.7m (down 54% from 1H 2020). Profit margin: 18% (down from 29% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Tillkännagivande • Feb 16
Beach Energy Limited Confirms Reserves in Relation to the Enterprise Gas Field, Located in Exploration Permit VIC/P42 Beach Energy Limited confirmed reserves in relation to the Enterprise gas field, located in exploration permit VIC/P42(V) (Beach: 60% and operator, O.G. Energy: 40%) in the nearshore Victorian Otway Basin. The discovery has led to a 2P (proved and probable) reserves booking for the Enterprise gas field in which Beach has booked net 2P undeveloped reserves of 21 MMboe (34 MMboe gross), as at 15 February 2021. The 2P reserves include 97 PJ of sales gas (161 PJ gross), 211 ktonnes of LPG (352 ktonnes gross) and 2 MMbbls (4 MMbbls gross) of condensate, at an initial gas-condensate yield of ~25 bbls/mmscf. The reserves estimate includes an allowance for expected reductions in condensate yield as the reservoir depletes. Detailed results of the well and test results have been previously announced2. Beach announced a five-year production target of more than 37 MMboe in FY25 at its FY20 Full Year results in August 2020. This target assumed a single exploration success in the Otway exploration drilling campaign, which has now been realised from the first exploration well in the program. Beach plans to commence FEED activities during the second half of FY21 and will target a Final Investment Decision during FY22, with a target of first gas in H1 FY23. Beach also plans to investigate further exploration opportunities identified in the vicinity of the Enterprise gas field, with plans to utilise the existing Enterprise 1 drill pad, which have been de-risked by the Enterprise success. Tillkännagivande • Jan 27
Beach Energy Limited to Report First Half, 2021 Results on Feb 15, 2021 Beach Energy Limited announced that they will report first half, 2021 results on Feb 15, 2021 Tillkännagivande • Jan 22
Beach Energy Limited Appoints Stephen (Sam) Algar as Group Executive Exploration & Subsurface and Thomas Nador to the Role of Group Executive Development Beach Energy Limited announced the appointment of Stephen (Sam) Algar as Group Executive Exploration & Subsurface and Thomas Nador to the role of Group Executive Development. Algar and Mr. Nador will replace Beach's current Group Executives for Development and Exploration, Geoff Barker and Jeff Schrull, who will both be departing Beach and returning to Perth. Mr. Algar brings over 25 years' experience in the energy industry, having held senior leadership and executive roles in Australia and internationally, including the UK, Indonesia, Malaysia, Canada and the USA, looking after global exploration portfolios. Most recently Mr. Algar was Senior Vice President, Subsurface and Exploration with ASX listed Oil Search Limited. Mr. Nador has over 25 years' experience in the energy sector at senior management and executive levels. He has held previous roles as Executive Vice President and Country Manager for InterOil in Papua New Guinea, as well as Development Manager, Project Interface Manager and Project Integration Manager for LNG projects at Woodside Energy. Mr. Nador holds a Bachelor of Science from the University of WA, a Post Graduate Diploma in Biomedical Science from Curtin University of Technology and is a Member of the Australian Institute of Company Directors. Is New 90 Day High Low • Jan 13
New 90-day high: AU$2.00 The company is up 46% from its price of AU$1.37 on 16 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$9.10 per share. Tillkännagivande • Jan 12
Beach Energy Limited, Annual General Meeting, Nov 10, 2021 Beach Energy Limited, Annual General Meeting, Nov 10, 2021. Is New 90 Day High Low • Dec 05
New 90-day high: AU$1.88 The company is up 31% from its price of AU$1.43 on 04 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.90 per share. Is New 90 Day High Low • Nov 18
New 90-day high: AU$1.66 The company is up 11% from its price of AU$1.49 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.43 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to AU$1.45, the stock is trading at a trailing P/E ratio of 7x, up from the previous P/E ratio of 6x. This compares to an average P/E of 19x in the Oil and Gas industry in Australia. Total returns to shareholders over the past three years are 40%. Tillkännagivande • Nov 05
Beach Energy Limited (ASX:BPT) entered into an agreement to acquire South Australian Cooper Basin Assets from Senex Energy Limited (ASX:SXY) for AUD 87.5 million. Beach Energy Limited (ASX:BPT) entered into an agreement to acquire South Australian Cooper Basin Assets from Senex Energy Limited (ASX:SXY) for AUD 87.5 million on November 3, 2020. Cooper Basin assets includes: i) 60% operated interest in ex PEL 104 and ex PEL 111, including the Growler, Snatcher and Spitfire oilfields and associated infrastructure. Beach’s interest in these permits will be 100% following completion.ii) 60% operated interest in the Growler to Lycium Flowline System and a 40% interest in the Lycium to Moomba Flowline System. Beach’s interest in these assets will be 100% following completion. iii) A 100% operated interest in PPL 270, containing the producing Gemba gas field. iv) A 70% operated interest in PPL 207, containing the producing Worrior oil field. Senex expects rehabilitation obligations associated with the Cooper Basin assets to transfer on completion. The acquisition will be funded from existing cash and debt facilities. The sale is subject to customary conditions, including Senex financier consents and regulatory approvals. The sale is effective from July 1, 2020 and the completion of transaction is expected in the first quarter of 2021. Acquisition is immediately earnings accretive for Beach Energy, with AUD 5 million per annum of synergies identified. Rothschild & Co acted as financial advisor and Allens acted as legal advisor for Senex Energy Limited. Is New 90 Day High Low • Oct 30
New 90-day low: AU$1.22 The company is down 14% from its price of AU$1.41 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$5.57 per share. Is New 90 Day High Low • Oct 03
New 90-day low: AU$1.26 The company is down 18% from its price of AU$1.54 on 03 July 2020. The Australian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$9.08 per share. Tillkännagivande • Sep 30
Beach Energy Out of Eni Race, Focuses on Bass Strait Beach Energy Limited (ASX:BPT) is believed to have left the competition to buy Eni S.p.A. (BIT:ENI)'s Australian energy assets. It is understood that the $3 Billion Australian-listed oil and gas producer, which counts Kerry Stokes' Seven Group Holdings as a 28.5% shareholder, has turned its focus to the sale of ExxonMobil's $2.5 Billion portfolio of oil and gas assets in the Bass Strait, which is now under way through adviser JPMorgan. Beach Energy may have concerns about possible opposition from the Australian Competition & Consumer Commission when it comes to acquiring a greater stronghold in the Bass Strait, where it already operates. The understanding is that the US-based Exxon Mobil Corporation (NYSE:XOM) is keen for the bidders to ensure they will be cleared by regulators, including the ACCC and the Foreign Investment Review Board, before making a bid. Expressions of interest for Exxon's 50% in a joint venture with BHP Group (ASX:BHP) are believed to be due at the end of October, 2020. BHP has hired Goldman Sachs and is also expected to be a seller of the remaining share of the venture, comprising Bass Strait fields that have provided up to 40% of east coast gas production but are now in decline. Other parties are believed to be lining up for the ExxonMobil sales process, and sources say Macquarie Group Limited (ASX:MQG) is so far showing the most serious intentions, hiring lawyers to work on a transaction. Groups believed to be taking a look at the asset include European and British private equity funds including Neptune Energy Limited, which is backed by The Carlyle Group and CVC and also includes China Investment Corporation as an investor. Indonesia's PT Medco Energi Internasional Tbk (IDX:MEDC) has also recently examined the asset. Neptune is believed to be shortlisted to buy Eni's Australian energy assets, along with Macquarie, MedicoEnergi, which is advised by Barclays Capital, and the Bank of America-advised Morgan Stanley Infrastructure Inc. Tillkännagivande • Jul 26
Beach Energy Limited to Report Fiscal Year 2020 Results on Aug 17, 2020 Beach Energy Limited announced that they will report fiscal year 2020 results at 9:56 AM, GMT Standard Time on Aug 17, 2020 
