Ann: Business Update, page-5

Pretty much in line with what I was expecting.

More than 97% of forecast East Coast gas sales in FY20/21 is expected to be sold under term contract, with less than 25% of these volumes oil-linked

“Beach is in a fortunate position where our prudent financial management over the last three years places us in an incredibly strong position to handle the current market disruption,” Mr Kay said

“Our balance sheet is in strong shape while revenues from our gas sales cover our group operating and stay-in-business costs, making our business highly resilient.

“To ensure we are in the best possible position, we are taking steps to defer or minimise some near-term discretionary capital expenditure. This is consistent with our mantra of conservatism and maintaining financial strength, as evidenced by our $151m net cash position at the end of February.

They will come out of this in a very strong position.