EXPLORATION

Buoyant Beach buffs up

BEACH Energy is spending less to do more, with the company cutting planned spending this year by up to $15 million but adding eight new wells to its drilling program to offset field decline and get a jump on the oil price recovery.

Buoyant Beach buffs up

The company released new guidance this morning reducing 2016-17 spending from $180-200 million to $170-185 million, but adding in three operated and five non-operated wells. Beach also increased...

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