Beach Energy Buys Origin Subsidiary
The Kerry Stokes-dominated Beach Energy will double in size after it buys the Origin Energy subsidiary Lattice Energy for $1.585 billion.
Read MoreThe Kerry Stokes-dominated Beach Energy will double in size after it buys the Origin Energy subsidiary Lattice Energy for $1.585 billion.
Read MoreUnlike WorleyParsons (WOR), the rebound in commodity prices – specifically oil and gas, did manage to reach the top and bottom line of Beach Energy (BPT) in the six months to December, and shareholders got a small bonus in a small reinstated interim dividend (unlike shareholders in WorleyParsons who had to go without for yet another six months).
Read MoreOil and gas producer Beach Energy (BPT) yesterday provided ample justification for its planned merger with fellow Cooper basin producer and explorer Drillsearch (DLS) with a sharp slide in September quarter revenues – both from the June quarter and from the same quarter in 2014.
Read MoreGlobal oil prices plunged sharply in yesterday’s sell-off, so it’s no wonder shares in oil groups large and small were also sold down.
Read MoreThe continuing weakness in oil prices, expectations of more to come this financial year, and lower production have seen Beach Energy (BPT) make a second round of cuts in its costs, especially exploration and investment.
Read MoreBeach Energy (BPT) shares jumped solidly yesterday on the rise in world oil prices and news that it is considering asset sales to protect its balance sheet from the weak outlook for oil prices and demand.
Read MoreBeach Energy (BPT) shares fell more than 10% in early trading yesterday after the company produced what seemed to be a poor quarterly update, and global oil prices took another downward lurch, with US prices dropping briefly under $US80 a barrel again.
Read MoreBeach Energy (BPT) has taken the opportunity of a record profit to do a bit of financial house cleaning, writing down the value of its assets by a total of $162.2 million.
Read MoreA disappointing production outlook for 2014-15 saw Beach Energy’s (BPT) shares sink 3% yesterday, to close at $1.705.
Read MoreBeach Energy (BPT) keeps rolling a long nicely and remains on track for another very solid year, according to its March quarter production and financial update.
Read MoreBeach Energy (BPT) shares returned to levels last seen back in 2006 yesterday after releasing solid earnings for the six months to December, revealing a special dividend, and upgrading its full year production outlook.
Read MoreFirst we had Oil Search (OSH), then Drillsearch Energy (DLS), now Beach Energy (BPT) has lifted its production guidance for the year in what is turning out to be a run of positives for the smaller end of the oil and gas sector.
Read MoreSlowly but surely, after years of patience and slow growth, Beach Energy (BPT) is emerging as an oil and gas play of increasing interest.
Read MoreBeach Energy says it and its 30% partner, Cooper Energy, plans to spend $24 million on nine exploration wells in the Cooper Basin region of Central Australia.
Read MoreBeach Energy yesterday revealed an 87% drop in net profit for 2010, but is confident it can grow in 2011.
Read MoreBeach Petroleum will spend more than $10 million over the rest of this year on a new pipeline and new seismic material after yet another successful producing oil well on the Patchawarra West Flank of the Cooper Basin in Central Australia.
Read MoreOil and gas explorer and producer Beach Petroleum (BPT) said today its Parsons-2 well in South Australia is to be capped as a producer and connected to pipeline infrastructure for first commercial oil flows from May this year.
Read MoreBeach Petroleum says first-half sales rose 16% on the back of higher world prices, despite a dip in output in the six months to December.
Read MoreBeach Petroluem said on Tuesday it has discovered another oil field in the Parsons field located in West Cooper Basin, South Australia.
Read MoreShares in Beach Petroluem (BPT), an oil and gas explorer, rose as much as 2.37% to $1.51 on Tuesday, after the company said it is expanding its exploration activities with a foray into the European Oil and Gas Industry.
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