News: BPT Beach Energy Qtrly Sales Rev A$458 Mln, Cuts FY22 Capex Forecast

April 26 (Reuters) - Beach Energy Ltd (BPT) :

• FY22 FULL-YEAR CAPITAL EXPENDITURE GUIDANCE REDUCED WITH REMAINING GUIDANCE UNCHANGED
• QTRLY PRODUCTION 5.2 MMBOE VERSUS 5.89 MMBOE
• QTRLY SALES REVENUE A$458 MILLION VERSUS A$393 MILLION
• QTRLY SALES VOLUMES 5.2 MMBOE VERSUS 6.21 MMBOE
• SEES FY22 CAPEX GUIDANCE OF A$900 - 1,000 MILLION
• MAJOR CAPITAL PROGRAMS REMAIN ON BUDGET AND ON SCHEDULE
• TO ADOPT AN EQUITY EMISSIONS FRAMEWORK FOR ITS DECARBONISATION TARGETS
• COMPLETION OF PIPELINE INSTALLATIONS AND CONNECTIONS TO OTWAY GAS PLANT EXPECTED IN H2 FY23
• AT H2 FY23, OTWAY GAS PLANT EXPECTED TO BE CAPABLE OF PRODUCING AT FULL NAMEPLATE CAPACITY OF 205 TJ/DAY
• TARGET TO CUT EMISSIONS FROM OPERATED ASSETS BY 25% VERSUS FY18 LEVELS WILL LIKELY NOT BE HIT FROM CURRENTLY IDENTIFIED, SANCTIONED PROJECTS
• EQUITY EMISSIONS EXPECTED TO MATERIALLY REDUCE BY FY25
• KATNOOK GAS PLANT IS EXPECTED TO BE SHUT-IN DURING H2 FY22