BPT 0.00% $1.50 beach energy limited

Ann: Organisation update and targeted headcount reduction, page-7

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    Beach just about to complete two major projects. Also, Beach plans to reduce capex by not drilling exploration wells. But will still drill
    development wells. Also, no need to have an M&A team that will pursue acquisition in the near future. Beach is going into “harvest” mode.
    There are a lot of surplus staff in Beach. As new CEO said in the Half Year Conference Call, Beach is just doing a lot of business with itself.
 
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