Beach Petroleum Ltd


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Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This is now more than doubled to 28 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is 10 years based on current production and 313 mmboe of proven and probable reserves. We credit life of nearly 15 years, assuming substantial conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.

Contact Information

Main Phone: +61 883382833
Address: 25 Conyngham Steet
State: SA
City / Town: Glenside
Country: AUS
Postal Code: 5065

Issuer Information

Exchange: OTO
Employees: 214
$ 1.02 $ -0.04 (-3.79%)
Last Price 1.02 Change $ -0.04 Change % -3.79 Tick N/A
Bid N/A Bid Size N/A Ask N/A Ask Size N/A
Open 1.02 High 1.02 Low 0.99 Prev Close 1.06
Last Trade Volume 8,338 52 Wk Hi 1.56 52 Wk Low 0.85
Market Cap 2.3 bi Ex-Div Date Div Rate 0.01 Yield 1.4400
Shares 2,278,249,104.00 EPS (TTM) 0.07 PE Ratio 16.00 Exchange OTCPK