Poor result I would guess marginally worse than expected.
Key for me:
1p reserves down 19%
2p reserves down 10%
3p reserves down 13%
Outlook 2023/24
Production 18 -21MMBOE (below what I was expecting)
Capital Expenditure $850-$1000M (higher than I was expecting)
One off additional costs expected 2023/24 up to $65M
No guidance for 2024/25
Trigg1 exploration costs not written off in 2022/23 actuals so still sitting on the balance sheet which surprises me.
Now we know why the CEO was removed.
Ann: Beach Energy Ltd FY23 Full Year Results, page-2
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Last
$1.26 |
Change
0.010(0.80%) |
Mkt cap ! $2.863B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $8.768M | 7.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26415 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 41117 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |