Last A$1.71 AUD
Change Today +0.01 / 0.59%
Volume 4.5M
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beach energy ltd (BPT) Snapshot

Open
A$1.71
Previous Close
A$1.70
Day High
A$1.72
Day Low
A$1.70
52 Week High
04/28/14 - A$1.82
52 Week Low
10/8/13 - A$1.28
Market Cap
2.2B
Average Volume 10 Days
5.8M
EPS TTM
A$0.21
Shares Outstanding
1.3B
EX-Date
03/3/14
P/E TM
8.0x
Dividend
A$0.04
Dividend Yield
3.34%
Current Stock Chart for BEACH ENERGY LTD (BPT)

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beach energy ltd (BPT) Details

Beach Energy Limited explores, develops, produces, and sells gas and liquid hydrocarbons. It holds interests in approximately 300 exploration and production tenements in Australia, the United States, Egypt, Tanzania, Romania, and New Zealand. The company was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009. Beach Energy Limited was founded in 1962 and is headquartered in Glenside, Australia.

Founded in 1962

beach energy ltd (BPT) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$1.5M
Chief Financial Officer, Ecutive Vice-Preside...
Total Annual Compensation: A$541.2K
Chief Operating Officer and Executive Vice-Pr...
Total Annual Compensation: A$546.4K
Executive Vice-President of Australian Gas an...
Total Annual Compensation: A$528.1K
Executive Vice-President of Growth and Group ...
Total Annual Compensation: A$517.6K
Compensation as of Fiscal Year 2013.

beach energy ltd (BPT) Key Developments

Beach Energy Limited Provides Production and Capital Expenditure Guidance to the Financial Year 2015

Beach Energy Limited announced production and Capital expenditure guidance range in relation to the financial Year 2015. The company expects production will be in the rang of 8.6 to 9.4 MMboe. Capital expenditure will be in the range of $450 to $500 million.

Beach Energy Limited Reports Operating Results for the Fourth Quarter and Year Ended June 30, 2014; Reports Sales Results for the Fourth Quarter and Year Ended June 30, 2014

Beach Energy Limited reported operating results for the fourth quarter and year ended June 30, 2014. Quarterly total production of 2.3 MMboe, 1% up on the prior quarter, mainly due to increased SACB JV gas and gas liquids production, supported by steady oil production. Quarterly sales volumes of 2.8 MMboe, 20% up on the prior quarter, mainly due to favorable timing of shipments and increased winter gas demand. Quarterly sales revenue of AUD 264 million, 14% up on the prior quarter, mainly due to the timing of oil shipments and higher gas demand Record full year total production of 9.6 MMboe, 20% up on the previous corresponding period, mainly due to record oil production. Record full year sales volumes of 10.8 MMboe, 20% up on the previous corresponding period, mainly driven by record oil production. Record full year sales revenue of AUD 1.05 billion, 51% up on the previous corresponding period, resulting from record oil production and a strong Australian dollar Brent oil price.

Drillsearch and Beach Announce ATP 924P Joint Venture

Drillsearch Energy Limited announced that it has executed an agreement with Beach Energy Limited for Beach to farm in to its ATP 924P oil and gas exploration permit in the south west Queensland section of the Cooper Basin. The agreement extends Drillsearch and Beach's partnership from the Western Flank Oil Fairway of the Cooper Basin where the two companies produce oil from the prolific PEL 91 joint venture, as well as wet gas from PEL 106. This agreement follows an extensive farmout process conducted by Drillsearch to identify an aligned joint venture partner for the permit. Under the terms of the agreement, Beach will fund 150km of recently acquired 3D seismic, and drill an initial exploration well on the Hurron Prospect to earn a 45% farmin option. Under the second phase, and should Beach elect to exercise the option, it will drill an additional exploration well and reimburse Drillsearch for past costs in order to earn the 45% interest. Beach will operate the drilling of up to two wells on behalf of Drillsearch who will retain operatorship of the permit. The first well is expected to target potential oil reservoirs in the Eromanga Basin sediments in the Hurron Prospect. Drillsearch currently estimates that the Hurron Prospect offers an unrisked prospective resource potential of between 6.4 mmbbls (Low estimate P90) and 48.1 mmbbls (High estimate P10) with a best estimate (P50) of 18.7 mmbbls. In addition, the company has also identified a deeper Hurron wet gas prospect, with a total unrisked prospective resource potential of between 12.3bcf (Low estimate P90) and 52.4bcf (High estimate P10) with a best estimate (P50) of 27.9bcf. ATP 924P covers an area of approximately 2,300km in the south west Queensland Cooper Basin, located between the Inland Oil Field to the north, and the Cook/Cuisinier Oil Fields to the south. To date, only three wells have been drilled in the permit. Six prospects and leads are currently mapped in ATP 924P that are potential targets for future exploration. ATP 924P also includes the Marengo South discovery, which has been independently audited by DeGolyer and MacNaughton, with a contingent gas resource of between 5.0bcf (Low estimate 1C) and 42.1bcf (High estimate 3C) with a best estimate (2C) of 17.5bcf.

 

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BPT

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Valuation BPT Industry Range
Price/Earnings 8.9x
Price/Sales 2.5x
Price/Book 1.2x
Price/Cash Flow 8.3x
TEV/Sales 1.9x
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