BEACH ENERGY LIMITED

BEACH ENERGY LIMITED (ASX: BPT)

Trigg 1 gas exploration well reached total depth but found insufficient porosity and permeability to flow gas.
Trigg 1 will be plugged and abandoned, and the contingent appraisal well, Trigg 2, will not be drilled.
The rig will move to Trigg Northwest 1 well location, followed by Tarantula Deep 1 and Beharra Spring Deep 2.

2023-06-07 09:20:00

Beach Energy provides an update on the Waitsia Stage 2 project, revealing uncertainty in schedule and capital estimates due to the tight labor market in Western Australia.
Review of cost and schedule by the Waitsia Joint Venture operator and Webuild is ongoing to mitigate impacts on the project and constrain uncertainties.
Despite the current uncertainty, the Waitsia project remains strongly value accretive and a key element in Beach Energy's future growth.

2023-05-18 09:05:00

Beach Energy Limited (ASX: BPT, Beach) has reached an agreement with Webuild SpA (Webuild) to complete the Waitsia Stage 2 project.
Waitsia Joint Venture and Webuild are aiming for first gas from the Waitsia Gas Plant by the end of 2023.
Total capital expenditure estimate is $400 – 450 million net to Beach ($350 – 400 million originally).

2023-02-06 08:20:00