Beach debt free by March, tweaks production guidance again

BEACH Energy’s stock shot up today on the news it’s two years ahead of its original schedule to pay down debt and decrease net gearing, saying it decreased the first by $155 million in the quarter and the second by 6% to sit at 14%.

Beach debt free by March, tweaks production guidance again Beach debt free by March, tweaks production guidance again Beach debt free by March, tweaks production guidance again Beach debt free by March, tweaks production guidance again Beach debt free by March, tweaks production guidance again
 
That means debt stands at $331 million which will be covered when the sale of 40% of its offshore Victorian Otway Basin assets go to Singapore-based giant OGOG completes at the end of March,

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