Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Beach Energy Ltd    BPT   AU000000BPT9

BEACH ENERGY LTD

(BPT)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Beach Energy : Santos Limited - Santos extends gas processing agreements with Beach and Senex

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 07:56am EDT

Santos today announced it has executed binding agreement extensions with Beach Energy and Senex Energy for gas processing and related gas liquids purchases at the Moomba gas facilities.

The gas processing agreement extensions are expected to result in the production of up to 18 TJ of sales gas per day, or 20 PJ over the three year term.

The gas to be produced under these agreements is equivalent to more than 1 per cent of total east coast domestic gas demand as forecast by the ACCC.

These gas processing agreement extensions reaffirm the strategic importance of the Santos-operated Moomba gas plant in facilitating access to the east coast domestic gas market for other producers in the Cooper Basin to increase gas supply and competition, which is the best way to put downward pressure on gas prices for customers.

The agreement extensions will allow raw gas from Beach's western flank of the Cooper Basin and gas from Senex's Vanessa project to be processed to sales gas quality.

The Santos-operated Moomba gas facilities in South Australia'sCooper Basin are a critical hub in eastern Australia's gas processing and transportation network, connecting supply from multiple producers in Queensland and South Australia to southern domestic gas markets.

Santos Executive Vice President Midstream Infrastructure Naomi James said: 'These processing agreements demonstrate the benefits of the Santos strategy to leverage our existing infrastructure to facilitate more gas supply and more competition in the east coast domestic gas market as well as continuing to build our Queensland production for both domestic customers and our LNG exports from Gladstone.'

Santos supplied about 70 PJ of natural gas to the east coast domestic market in 2018, which was almost 13 per cent of the ACCC's expected demand.

Contact:

Daniela Ritorto

Tel: +61 8 8116 5167

Email: daniela.ritorto@santos.com

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BEACH ENERGY LTD 3.35% 2.16 End-of-day quote.55.39%
SENEX ENERGY LTD -1.37% 0.36 End-of-day quote.32.73%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BEACH ENERGY LTD
03/13ASIA MARKETS: Asian Markets Give Up Early Gains On Weak China Industrial Data
DJ
03/12ASIA MARKETS: Asian Markets Lower Amid Weight Of Global Uncertainties
DJ
03/11ASIA MARKETS: Asian Markets Rally After Wall Street Snaps Losing Streak
DJ
03/11ASIA MARKETS: Asian Markets Mixed As Worries Of A Global Slowdown Accelerate
DJ
03/04BEACH ENERGY : Appendix 3X - M Kay
PU
03/04BEACH ENERGY : Appendix 3X - S Layman
PU
02/28ASIA MARKETS: Asian Markets Slip After Weak China Data, No Deal From U.S.-Nor..
DJ
02/27BEACH ENERGY : Asia Roadshow Presentation
PU
02/27ASIA MARKETS: Asian Markets Rise As Trump, Kim Set To Meet
DJ
02/27BEACH ENERGY LTD : Ex-dividend day for interim dividend
FA
More news
Financials (AUD)
Sales 2019 1 826 M
EBIT 2019 763 M
Net income 2019 496 M
Finance 2019 158 M
Yield 2019 1,06%
P/E ratio 2019 9,51
P/E ratio 2020 10,81
EV / Sales 2019 2,52x
EV / Sales 2020 2,50x
Capitalization 4 762 M
Chart BEACH ENERGY LTD
Duration : Period :
Beach Energy Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BEACH ENERGY LTD
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 1,94  AUD
Spread / Average Target -7,4%
EPS Revisions
Managers
NameTitle
Matthew Vincent Kay Chief Executive Officer
Glenn Stuart Davis Independent Non-Executive Chairman
Dawn Summers Chief Operating Officer
Morné Engelbrecht Chief Financial Officer
Colin D. Beckett Independent Non-Executive Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
BEACH ENERGY LTD55.39%3 375
CNOOC LTD16.45%80 635
CONOCOPHILLIPS8.40%76 674
EOG RESOURCES INC.1.88%51 538
OCCIDENTAL PETROLEUM CORPORATION6.66%49 073
CANADIAN NATURAL RESOURCES LTD12.33%33 353