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Beach Energy Touts Strong Q3 Bakken, Australian Results; Talks 2014
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Beach Energy Ltd. has released a presentation detailing the company's third quarter 2013 results.
The company has also released its preliminary 2014 capital budget, which intensely focuses on Australian operations.
Highlights include: Production of 2.5 MMBOE, 10% up on the previous quarter, mainly due to higher Western Flank oil and condensate production Record total revenue of $270 million, 35% up on the previous quarter, mainly due to continued strong A$ brent oil price and higher oil sales volumes Total sales volumes of 2.9 MMboe, 16% up on the previous quarter, mainly due to record oil sales volumes of 1.6 MMboe Western Flank oil production at ~10,300 bpd (net) Oil and gas discovery at El Salmiya-2, Egypt High pressure gas influx at Keppel-1 vertical well in ATP 855 Participation in…- ✓ Full news archive — U.S., Canada & international coverage
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