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OPERATIONS

Beach lifts 2P reserves

BEACH Energy has delivered a solid result for the 2016-17 financial year, with record production, strong 2P reserve additions and a reversal of $150 million in pre-tax impairments previously booked over its Cooper Basin producing assets.

Anthony Barich
Beach lifts 2P reserves

The company announced last Friday that its 2P reserves at June 30 were 75 million barrels of oil equivalent mainly due to improvements in Western Flank oil (11.2MMbbl), Western Flank gas (4.7MMboe) and...

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