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News: BPT Beach Energy Says Development Planning On Bass Basin Discoveries Has Ceased

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    June 11 (Reuters) - Beach Energy Ltd (BPT) :

    • EXPECTS TO RECOGNISE NON-CASH IMPAIRMENT CHARGE TO THE CARRYING VALUE OF CO’S BASS BASIN ASSETS OF A$250 MILLION - A$275 MILLION BEFORE TAX
    • EXPECTS TO RECOGNISE A NON-CASH IMPAIRMENT CHARGE OF A$365-400 MILLION BEFORE TAX IN ITS FY24 FULL YEAR RESULTS
    • DETERMINED DEVELOPMENT OF BASS BASIN DISCOVERIES TO NOT UTILISE ANY OPTIONAL SLOTS UNDER UPCOMING OFFSHORE GAS VICTORIA DRILLING PROGRAM
    • DEVELOPMENT OF BASS BASIN DISCOVERIES DO NOT MEET MINIMUM INVESTMENT REQUIREMENTS
    • DEVELOPMENT PLANNING ON BASS BASIN DISCOVERIES HAS CEASED

    (([email protected];))

 
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