Beach Energy Limited (AU:BPT) has released an update.
Beach Energy Limited reported a 4% increase in production for the third quarter of FY24, with significant operational achievements including a new gas discovery in the Perth Basin and progress on the Moomba CCS project. Despite construction delays at the Waitsia Gas Plant, the company remains on track with its strategic review, aiming to complete a 30% headcount reduction and maintain capital expenditure guidance. Additionally, Beach Energy has updated its full-year production guidance and released its inaugural Climate Transition Action Plan, aligning with decarbonisation goals.
For further insights into AU:BPT stock, check out TipRanks’ Stock Analysis page.
