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BPT, BEACH ENERGY LIMITED
nipper
post Posted: Oct 28 2019, 01:40 PM
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QUOTE
Beach Energy announced a new gas discovery at its 50 per cent owned Beharra Springs site north of Perth. The conventional gas discovery exists at a depth of close to 4 kilometres with an estimate net gas pay of 36 metres, the company said.

“Perth Basin is a key growth asset in the Beach portfolio," Beach Managing Director Matt Kay said. “The location of the Beharra Springs Deep-1 well, 450 metres from the Beharra Springs gas processing facility, provides an opportunity to conduct extensive deliverability testing whilst commercialising a portion of the gas.”




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 22 2019, 04:20 PM
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In Reply To: blacksheep's post @ Aug 22 2019, 03:32 PM

another one on a tear! (ripper not shedder)

Bedding down Lattice has been achieved ahead of time and under budget, as they say. Western Flank => drill, run poly pipe, produce; Repeat. And upside from gas production coming off contract into a sellers market.
Whether it breaks through a double top will depend on oil price as much as anything




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 22 2019, 03:32 PM
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In Reply To: nipper's post @ Aug 19 2019, 09:54 AM

Updated chart below.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Aug 19 2019, 09:54 AM
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QUOTE
Strong FY19 sets the platform for FY20
• Production 29.4 MMboe, +55% vs FY18
• 85% drilling success rate in Beach-operated wells
• 204% organic 2P reserves replacement, 2P reserves life increased to >12 years

Financial strength
• Underlying EBITDA $1,375 million, +80% vs FY18
• Underlying NPAT $560 million, +86% vs FY18
• ROCE 27%3 up from 19% in FY18

Financial discipline
• Net cash position at 30 June 2019, achieved 2 years ahead of initial expectations
• $60 million synergy target met, $30 million operating cost reduction target on track
• Final dividend 1.0 cps

Accelerated investment begins in FY20
• 194 wells targeted with focus on Cooper Basin and Otway Basin (+45% vs FY19)
• 90% of growth projects commencing in FY20 deliver IRRs > 50%
• FY20 investment expenditure guidance $750 – $850 million
• FY20 production guidance 27 – 29 MMboe

Driving improved 5 year outlook
• 5 year production target increased to 34 – 40 MMboe (Prior: 30 – 36 MMboe)
• 5 year free cash flow target increased to $2.7 billion, over $1 billion FCF in FY24
• Additional $1.5 billion of value accretive investment opportunities identified




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 24 2019, 05:12 PM
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Beach Energy has beaten expectations on full-year oil and gas production and cash flows after a June quarter that was deemed "very strong" by analysts and has revived expectations that it is eyeing further acquisitions.

The oil and gas producer ended 2018-19 in a net cash position, some two years ahead of expectations when it sealed the $1.585 billion acquisition of Origin Energy's conventional oil and gas operations less than 18 months ago.

Cash flow for the year to June 30 was $557 million, and Beach is now sitting on $172 million of net cash, which managing director Matt Kay described as "a strong performance" since completing the Lattice Energy purchase in March 2018.

"We will reinvest strongly in our base business because we have the opportunity set here to continue to grow," Mr Kay told The Australian Financial Review, describing Beach as "well positioned from a balance sheet perspective". "We are always on the lookout for new ventures and other opportunities as well, so we'll keep our eye out, but I don’t think there’s any desperation for us on the acquisition front."




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 6 2019, 09:09 AM
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Could Beach Energy be in for ExxonMobil’s Victorian oil and gas assets?

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JPMorgan analysts think so, tipping the Kerry Stokes-backed energy play as the most likely buyer of Exxon’s half-share of the Gippsland Basin joint venture with BHP.
After DataRoom revealed this week that Exxon may be looking for an exit, JPMorgan analysts said in a client note the Gippsland assets were a clear target for Beach, which is on the hunt for growth after the part-sale of its Otway assets.
- hope not



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Feb 27 2019, 02:12 PM
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SP currently $2.06
QUOTE
A block of 1.9 million shares in Beach Energy traded for $2.075 at 11.48 am after someone spotted the stock was trading at five month highs. It also goes ex-dividend today. It looks like Deutsche Securities conducted an internal crossing.

https://www.shortman.com.au/stock?q=bpt
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 13 2019, 11:45 AM
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QUOTE
Beach Energy energy shares have leapt 5 per cent after it lifted its full-year earnings guidance on the back of an almost tripling in its first-half net profit as it benefited from a surge in production and a drop in capital expenditure.

The oil and gas producer (BPT) said Wednesday its net profit jumped to $282.9 million in the six months through December from $95.7m a year earlier, while total revenue increased to $1.06 billion from $392.6m.

Late last month, Adelaide-based Beach raised its production target for the financial year to between 28 million and 29 million barrels of oil equivalent after producing a better-than-anticipated 15.2 million barrels in the first half.

The company said it now expected earnings before interest, tax, depreciation and amortisation of between $1.25bn and $1.35bn for the full year, an increase of $200m on its previous guidance...




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 31 2019, 01:53 PM
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Beach’s (BPT) revised outlook reflected better-than-expected output in the first half and the expected closure on its planned deal to sell a stake in assets in southeastern Australia’s Otway Basin.

The oil and gas producer said Thursday it now expects annual production to reach between 28 million and 29 million barrels of oil equivalent, higher than guidance released in late October for output of 25 million to 27 million barrels.

The company said it also now anticipates capital spend for the year to be between $450 million and $500m, where it previously forecast $440m-$520m.
... up 6%



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 22 2018, 11:14 AM
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Ryan Stokes said Beach had uncontracted gas to sell into tight east coast markets.

“The shortage of domestic gas supply on the east coast is set to be exacerbated in coming years through the lack of developed and undeveloped reserves,” he said. “Likewise, the global LNG market is set to experience a shortage of supply in the early to mid 2020s.”....

“We have over $1 billion in available liquidity through undrawn debt facilities, cash reserves, and the listed investment portfolio to take advantage of opportunities should they emerge,” he said.

Yesterday, Seven Group revealed its stake in Beach had crept up to 28.6 per cent from 25.6 per cent. Kerry Stokes said there was no intention to make a bid for Beach and that the stake had increased because Seven Group viewed the price as attractive.

“We have no other objectives in mind at the moment, but we believe it’s a wonderful investment for Seven Group,” he said.
at Seven's AGM



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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