OPERATIONS

Beach banks on strong balance sheet, but cuts spending

DESPITE a strong balance sheet Beach Energy has announced plans to defer up to 30% of capital investment in financial 2021 in reaction to the oil price crash and has revised its guidance as the COVID-19 pandemic continues to play out.

 Revises EBITDA guidance by A$100M

Revises EBITDA guidance by A$100M

  However it has said it can survive at US$10 per barrel oil and 97% of its east coast gas sales for financial 2020-21 should be sold under contract and less than 25% of this is oil-linked.    Financial...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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