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Adelaide, Oct 22, 2012 (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (PINK:BCHEY) is an ASX100 oil and gas producer, with its major focus in Australia's most important onshore oil and gas province, the Cooper Basin.
It has interests in exploration and production licences globally covering in excess of 100,000 km2 in Australia, Egypt, Tanzania, Papua New Guinea and the USA.
Beach is currently expanding its Cooper Basin production, investing capital in Australia's energy future by developing a shale and basin centred gas project within the Cooper Basin in the Nappamerri Trough, as well as building oil pipelines to tie-in its Western Flank oil operations to the Moomba facility.
Beach's production increased to 7.5 MMboe in FY12 and is forecast to grow to between 8.5 - 9.0 MMboe in FY13. With oil and gas 2P reserves of 93 MMboe and significant 2C resources of 466 MMboe, the Company is well positioned to continue to deliver increased shareholder value through organic growth.
Beach continues to operate in an environmentally sustainable manner, with its core focus on employee safety and community and stakeholder engagement.
View the Annual Report 2012 here:
http://media.abnnewswire.net/media/en/docs/ASX-BPT-701500.pdf
ASX:BPT) (PINK:BCHEY) is an ASX100 oil and gas producer, with its major focus in Australia's most important onshore oil and gas province, the Cooper Basin.It has interests in exploration and production licences globally covering in excess of 100,000 km2 in Australia, Egypt, Tanzania, Papua New Guinea and the USA.
Beach is currently expanding its Cooper Basin production, investing capital in Australia's energy future by developing a shale and basin centred gas project within the Cooper Basin in the Nappamerri Trough, as well as building oil pipelines to tie-in its Western Flank oil operations to the Moomba facility.
Beach's production increased to 7.5 MMboe in FY12 and is forecast to grow to between 8.5 - 9.0 MMboe in FY13. With oil and gas 2P reserves of 93 MMboe and significant 2C resources of 466 MMboe, the Company is well positioned to continue to deliver increased shareholder value through organic growth.
Beach continues to operate in an environmentally sustainable manner, with its core focus on employee safety and community and stakeholder engagement.
View the Annual Report 2012 here:
http://media.abnnewswire.net/media/en/docs/ASX-BPT-701500.pdf
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About Beach Energy Limited
Beach Energy Limited (ASX:BPT) is a long established oil and gas Exploration and Production Company, based in Adelaide, South Australia.
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