BEACH Energy was one of the biggest losers on the ASX this morning in line with the energy sector today after quarterly production fell by 15% over December a year ago and was down 7% over the prior quarter to 5.3 million barrels of oil equivalent.
More gas into the east coast gas market at the Otway gas plant
The company fell over 7% by mid-afternoon trade to $1.31 per share. Quarterly revenue rose 3% to $398 million, driven by higher LPG and higher realised liquids pricing. The drop in production...
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