Ann: Beach Energy Ltd FY21 Results Presentation, page-35

That's a totally stupid comment.
You and a couple of other people constantly said they should be increasing the dividend as there would be heaps of surplus cash in 2021/22 and that would increase the share price.
Clearly that was totally inaccurate based on what the company presented today.

I have been saying for a while that the higher depletion rates was a major problem and they would need to spend a lot of CAPEX to maintain/increase production but you are clearly still in denial.

Its not just me that thinks the higher CAPEX is an issue as the market clearly thinks the same.
Of course you need to spend CAPEX but its the amount that's the problem.
They could spend less but production will continue to decline so they are in a difficult position right now.

Hopefully 2022/23 will start to look better but the market is pretty negative O&G companies right now so any production/growth downgrade combined with increased CAPEX gets punished.