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An announcement from Beach Energy ( (AU:BPT) ) is now available.
Beach Energy has announced that the Waitsia Gas Plant has reached the Ready For Start Up milestone, transitioning from construction to production operations. This development is crucial for the Western Australia gas market, with the plant having a nameplate capacity of 250 TJ/day. The project, a joint venture with Mitsui E&P Australia, is expected to begin exporting sales gas within two weeks, with production ramping up to near full capacity over the next four months. The involvement of Beach’s senior personnel was instrumental in achieving this milestone and mitigating delays.
The most recent analyst rating on (AU:BPT) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Beach Energy stock, see the AU:BPT Stock Forecast page.
More about Beach Energy
Beach Energy is a company operating in the energy sector, primarily focused on the exploration, development, and production of oil and natural gas. It is involved in projects across Australia and New Zealand, with a significant focus on the Western Australia gas market.
Average Trading Volume: 7,192,580
Technical Sentiment Signal: Hold
Current Market Cap: A$2.84B
Find detailed analytics on BPT stock on TipRanks’ Stock Analysis page.