Beach Energy Limited, page-562

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g12m0

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22/04/24

12:32

Post #: 73455575
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Originally posted by g12m0 ↑

BPT quarterly is due on Wednesday 24 April.

here is what is known so far:

In Cooper Basin JV with Santos, production down about 10% due to maintenance and rain event.

In Kupe, production should be up but not at full capacity due to:

MARKET RELEASE

Date: 5 April 2024

NZX: GNE / ASX: GNE

Kupe KS-9 Commissioning Update

Genesis Energy advises that well commissioning activities at Kupe remain ongoing and are expected to continue through April. These activities include a wireline intervention campaign to seek to diagnose and remediate lower than expected daily production levels.

Through the commissioning period, daily production levels from Kupe are expected to be approximately consistent with current production levels of 47J/day. The long term impact of the well on overall daily production levels from Kupe will not be known until all existing commissioning activities are concluded and data analysis has been completed.

As previously stated, reserves assessments are underway, with conclusions of a full review expected in June 2024.

ENDS

In the Otway Basin, the production should be up a lot but still far from its rated capacity. Awaiting regulatory approval to connect Enterprise gas field. Also waiting for ship that would put new flow lines in two offshore wells at Thylacine

In Perth Basin, update on Waitsia Stage 2 progress or non-progress. Plus drilling result of Redback Deep-1.

in Corporate, update on Strategic Review. Good to hear this one is happening. Lower expenses and lower Capex!

BPT is coasting nicely with the help of gas price increases plus oil prices remaining high. Need a bit of luck on the rest!

Expand

Update on Kupe Gas Plant just today from Genesis Energy (GNE):

Commissioning of the Kupe KS-9 gas well remains ongoing. Well intervention activities have been further delayed, in part due to unfavourable weather conditions, and completion is now expected late May. Production levels are expected to remain at approximately 47 TJ/day during this period.

BPT Price at posting: $1.60 Sentiment: Buy Disclosure: Held
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Beach Energy Limited, page-562

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Beach Energy Limited, page-562

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