First quarter capital expenditure was $214 million,a 33% increase over the prior quarter as Beach continues to execute on its multi-year investment program. A 45% increase in Cooper Basin wells spudded during the quarter,a full quarter drilling in the SA Otway Basin, progress on the inlet compression project in New Zealand, commencement of the Waitsia stage 1 expansion project and ramping up of activity in the Victorian Otway Basin were factors driving the increase.
Ann: Outstanding West Erregulla Flow Test Results, page-277
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