BPT 0.29% $1.71 beach energy limited

Poor result I would guess marginally worse than expected. Key...

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    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.
 
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