Beach skipping M&A drive

BEACH Energy’s managing director Matt Kay is firm on one thing: the company might be headed back to onshore exploration after a period of development and production but it isn’t looking for any new acquisitions despite cash in the bank and an investment climate driving mergers. 

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Beach's Otway gas plant

Speaking to analysts after yesterday's comprehensive Investor Briefing Day Kay reaffirmed the company was looking to increase utilisation at its existing gas plant and undertake exploration.