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Consolidation for the Cooper Basin

BEACH Energy is taking Senex Energy’s Cooper Basin acreage for $87.5 million giving it additional 2P reserves of 6.8 million barrels of oil equivalent and forecast production this financial year of 600,000bbl. 

Helen Clark
Beach moves on larger Western Flank position 

Beach moves on larger Western Flank position 

This breaks down to 4.6 MMbbl of oil and 2.2 MMboe gas and gas liquids.   It hopes the consolidation will lower costs, and suggests annual savings of $5 million, which it expects to receive in the...

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