MARKETS

Beach closes Otway divestment

BEACH Energy announced on Friday that it had divested a 40% interest in the Otway Basin to Israeli billionaire Eyal Ofer's O.G. Energy for A$344 million with an effective date of July 1.   

Beach is "in a strong financial position to consider accelerating investment": Kay

Beach is "in a strong financial position to consider accelerating investment": Kay

In October Beach entered into an agreement to sell 40% of its Victorian Otway interests to the company to progress the development of the assets and to the company's balance sheet.    The transaction...

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