Forecast - Production | Capital Markets | Capital Expenditure
Beach IDs Full Year 2016 Guidance, Capital Budget
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Beach Energy Ltd. reported the following guidance in relation to FY16 production volumes and capital expenditure.
Guidance excludes potential impacts from weather related events, other unforeseen operational delays, exploration successes and corporate activity (acquisitions / divestments or farm‐ins / farm‐outs). Production guidance is net of fuel.
Highlights: Production volumes: 7.8 – 8.6 MMboe Capital expenditure: $240 – $270 million Higher year‐on‐year gas sales volumes expected, due in part to utilisation of storage volumes Production VolumesThe recent industry‐wide focus on preserving cash reserves and liquidity has seen reduced drilling activity across the Cooper Basin and lower expectations for near‐term production profiles.
Accordingly, the FY16 production guidance range…
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