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Business Description: Beach Energy Limited (BPT) is an oil and gas company based in Adelaide, Australia. BPT holds interests in more than 300 exploration and production tenements in Australia, USA, Egypt, Tanzania, New Zealand and Papua New Guinea.
Strategy Analysis: BPT strategy is focused on maintaining a balanced exposure to risk and reward across existing exploration and development projects. Further investment opportunities will be based on affordability and use of low pollutant energy. It is important to BPT that strategic planning allows for flexibility as well as growth.
Beach Energy reported NPAT down 22% to $43.69m for the half-year ended 31 December 2012, mainly due to the unrealised loss on the revaluation of the derivative liability attached to the convertible notes. Revenues from ordinary activities were $344.72m, up 17% from the same period last year. Sales revenue increased mainly due to increased oil volume in the sales mix partly offset by lower prices and a higher A$/US$ exchange rate. Diluted EPS was 3.41 cents compared to 5.02 cents last year. Net operating cash flow was $172.15m compared to $76.76m last year. The interim dividend declared was 0.75 cents in line with 0.75 cents last year.
The Age 24/05/2013 |
The door has been opened to full deregulation of electricity prices in NSW after a report found there was a high degree of competition, with more than 60 per cent of households on unregulated contracts.
The Age 24/05/2013 |
James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts.
The Age 24/05/2013 |
Foster's owner SABMiller reported a 5 per cent drop in sales volumes in Australia over the past year but notched up 3 per cent growth in the fourth quarter, boosted in particular by the relaunch of Victoria Bitter.
The Age 24/05/2013 |
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident.
The Age 24/05/2013 |
The Australian dollar plunged to its lowest level in a year, shedding over US2¢ in a session, as traders reacted to contradictory comments from the head of the US Federal Reserve on Thursday.
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