BPT 0.74% $1.70 beach energy limited

This quarterly is packed with news! Kupe newly drilled...

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    This quarterly is packed with news!

    Kupe newly drilled development has been connected. Production in Kupe will be at its full capacity soon ( subject to gas nominations from Genesis Energy ).

    Otway Gas Plant gas price reset had been settled.
    I guess BPT and Origin didn’t want to wait for the arbitration outcome. There was moderate gas price increase. It was around $10 per GJ before. So the new gas price will be between $11 to $12 per GJ. Plus new GSA for enterprise gas which is almost ready for production as it await final regulatory approval.

    With Waitsia, we will know more in the Half Year results. At least there are no additional cost blowouts!

    Hard to say if dividend will be increased by 1 cent in the Half Year announcement. It is 50-50
    from the way I see it.
 
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