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clock Created with Sketch. 25/07/19
11:34
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Originally posted by jake0002:
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Beach now debt free 2 yrs ahead of schedule, cash flow positive now, and generating over $500m free cash flow on a n annual basis. That's free cashflow of over half $billion p/a. They are drilling about 140 wells this FY. They still have cashflow and sales to come from Waitsia, where they have now signed a gas oftake with Alinta, for 20TJ /d.
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with COE approaching 1bil that means they could pay it off in 2 years
(20min delay)