BPT 2.40% $1.22 beach energy limited

Ann: Strategic Review Outcomes Presentation, page-20

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    both good and bad in this strategic review.
    Bad : reserves revision (p. 3 and 32). It seems upward revisions will not compensate downward
    Good : lowering costs, growing FCF
    Good : non core assets means IMO they will be for sale. It's good because of debt maturities (2025, 26, 27, see p. 29)
    Still uncertainty about Waitsia GP commissionning. They only say ramping up 2th half of FY 2025.

    A-N
 
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