from Beach strategic review. it looks like they will concentrate...

from Beach strategic review.
it looks like they will concentrate on C/B, but also looking at other basins in Aust.
Interestingly Rob Cole is ex Woodside, and is a gas man.

what odds of BPT looking at perth basin, and EGO farmins? or better?

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"3. Pursue compatible growth opportunities in Australia and nearby

To become the company we aspire to be in the long term, we believe we need to look beyond
the Cooper Basin and other east coast basins, but not too far beyond. We will only venture into
places that are geographically proximate to our home, and where we can invest on a basis that
gives us a good chance of succeeding and delivering value for our shareholders. As such, we will
continue to pursue growth opportunities in other parts of Australia and, possibly, other places​

nearby.

As Beach pursues its goal of being a multi‐basin producer, a disciplined approach to growth​

opportunities will be adopted. The strategic objectives to achieve such growth are three‐fold.

Identify prospective basins
We will identify and then review basins elsewhere in Australia (and possibly nearby) that​

complement our existing portfolio and leverage our capabilities.

Divest non‐strategic and marginal assets
We will undertake regular review of assets to ensure their value proposition justifies ongoing
inclusion in our portfolio. We have already completed a number of actions in this regard, with
others underway or identified. These include:
• Exit from Romania;
• Signing of binding agreement in relation to the sale of Egyptian assets;
• Commencing farm‐down process for our Tanzania permit; and​

• Initiation of sale processes for Browse and Carnarvon basin interests

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