Beach to spend $50M on Gippsland tight gas work

BEACH Energy is geared up to exploit the unconventional gas potential of the onshore Gippsland Basin, eastern Victoria, after signing a $50 million unconditional agreement with Lakes Oil.

Beach to spend $50M on Gippsland tight gas work Beach to spend $50M on Gippsland tight gas work Beach to spend $50M on Gippsland tight gas work Beach to spend $50M on Gippsland tight gas work Beach to spend $50M on Gippsland tight gas work

The unconditional agreement firms up an earlier arrangement announced in April and allows Beach to earn up to 50% interest in Lakes' PRL 2 by spending $50 million to further test the gas potential in

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