Beach Energy Ltd. Company News

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Beach Cancels Rig Contract With Diamond Offshore
Thursday, April 23, 2020The companies are considering a new contract for 2021.

Beach Energy Buys Origin's Lattice in $1.25 Billion Deal
Thursday, September 28, 2017The agreement will boost Beach's proved and probable reserves by 200 percent.

Beach Energy Completes Callawonga-12 Well Drilling in Cooper Basin
Thursday, August 25, 2016Beach Energy completes drilling of Callawonga-12 development well in South Australia's Cooper Basin, with the rig expected to drill 1 to 2 exploration wells in PRL 85-104 in October.

Beach Energy Spuds Callawonga-12 Well in South Australia's Cooper Basin
Thursday, August 18, 2016Beach Energy spuds the Callawonga-12 well in PPL 20 on the western flank of South Australia's Cooper Basin.

Beach Sells Upstream Stakes in Queensland's Cooper Basin to Bridgeport
Wednesday, August 03, 2016Beach Energy agrees to sell its permit interests in the greater Kenmore-Bodalla area in Queensland's Cooper Basin, Australia to Bridgeport.

Beach Energy Flows First Gas from Udacha Field in Cooper Basin
Monday, July 11, 2016Beach Energy commences first gas from the Udacha field in PRL 26 license in the Cooper Basin, South Australia.

Beach Energy Names Morne Engelbrecht as CFO to Replace Kathryn Presser
Thursday, June 09, 2016Beach Energy names Morne Engelbrecht to replace Kathryn Presser as chief financial officer.

Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Wednesday, April 27, 2016Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.

Beach Energy Updates on Sale of its Egyptian Subsidiary to Rockhopper
Monday, April 18, 2016Australia's Beach Energy updates on the sale of its subsidiary Beach Egypt, owner of a 22 percent stake in Egypt's Abu Sennan Concession, to Rockhopper Exploration.

Beach Energy to Withdraw from the JV for BMG Gas Fields Off Gippsland
Friday, April 15, 2016Beach Energy reveals plans to withdraw from the joint venture for the Basker, Manta and Gummy gas fields offshore Gippsland, Australia.

Australia's Beach Energy Completes Merger with Drillsearch Energy
Tuesday, March 01, 2016Australia's Beach Energy completes merger with Drillsearch Energy, with the latter now a wholly owned unit of the firm.

Australia's Beach Energy Incoming CEO Matt Kay to Commence Work Earlier
Tuesday, February 23, 2016Australia's Beach Energy incoming CEO Matt Kay to commence work in May, earlier than expected.

Australia's Federal Court Approves Beach Energy-Drillsearch Energy Merger
Thursday, February 18, 2016Australia's Federal Court approves the $277 million all-scrip merger between Drillsearch Energy and Beach Energy.

Beach Energy Completes Udacha-1 Well Stimulation, Flow Test in Cooper Basin
Wednesday, January 27, 2016Beach Energy successfully completes fracture stimulation and flow test of the Udacha-1 well in PRL 26 in South Australia's Coooper Basin.

Drillsearch Shareholders Approve Planned Merger with Beach Energy
Wednesday, January 27, 2016Drillsearch Energy shareholders approve a proposed merger with Beach Energy to create the largest mid-cap oil and gas firm listed on the Australian Securities Exchange.

Drillsearch Provides a Drilling Update on its Australian Assets
Wednesday, January 13, 2016Drillsearch Energy updates on drilling operations at its Australian oil and gas assets in December 2015.

Australia's Beach Energy Appoints Oil Search's Matthew Kay as CEO
Tuesday, January 12, 2016Australia's Beach Energy appoints Oil Search senior executive Matthew Kay as its new CEO.

Beach Energy Updates on Drilling Ops in Australia and Eygpt
Wednesday, January 06, 2016Beach Energy provides the monthly drilling report on its upstream holdings in Australia and Egypt.

Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Wednesday, November 25, 2015Increased merger and acquisition deals involving leading Australian oil and gas companies recently is a result of more than just a decline in oil price, analysts told Rigzone.

Beach Energy Provides Update on Upstream Ops in Australia's Cooper Basin
Wednesday, November 04, 2015Beach Energy provides a monthly update on operations at its upstream oil and gas projects in Australia's Cooper Basin.

Beach Energy Agrees to Buy Drillsearch for $277 Million
Friday, October 23, 2015Beach Energy agrees to pay $277 million in stock to acquire Drillsearch Energy to increase its exposure to energy assets in Australia's Cooper Basin.

Beach Energy Commences Workover of Udacha-1 Well in Cooper Basin
Wednesday, October 21, 2015Beach Energy commences workover of the Udacha-1 well in PRL 26 in the Cooper Basin, South Australia.

Senex to Bring Spitfire-7 Well in SA's Cooper Basin Online in November
Wednesday, October 07, 2015Senex Energy plans to bring the Spitfire-7 well in PPL 258 in South Australia's Cooper Basin online in November.

Beach Energy Spuds the Maroochydore-1 Exploration Well in Queensland
Tuesday, October 06, 2015Beach Energy spuds the Maroochydore-1 prospect in ATP 924 in Queensland, Australia, marking the commencement of its financial year 2016 drilling program.

JV Partner Exercises Rights to Beach's Stake in Egypt Abu Sennan Concession
Monday, September 28, 2015Australia's Beach Energy says a joint venture partner has exercised its pre-emptive rights for a stake in Egypt's Abu Sennan concession following the former's sale of its 22 percent interest to Rockhopper Exploration.

Robert Cole Resigns as Beach Energy's MD, Neil Gibbins to be Acting CEO
Wednesday, September 16, 2015Neil Gibbins will continue as Acting CEO of Beach Energy until a replacement for Robert Cole, who resigned as managing director, has been appointed.

Partners in Australia's ATP 1056 JV Keen on AGL's 40% Stake in Permit
Tuesday, September 15, 2015Partners in the ATP 1056 Joint Venture exercise pre-emptive rights to acquire AGL Energy's 40 percent interest in the permit in Queensland, Australia.

Beach Energy Acquires 40% Stake in ATP 1056 Permit in Queensland
Tuesday, August 11, 2015Beach Energy signs agreement to acquire 40 percent operating interest in ATP 1056 permit in Queensland, Australia.

Australia's Beach Energy Reduces Production Volume, Capex for FY16
Wednesday, July 29, 2015Australia's Beach Energy reduces production volumes and capital expenditure in its latest guidance for financial year 2016.

Cooper Energy Says Subsea Gas Development Suited for Victoria's Manta Field
Thursday, July 16, 2015Cooper Energy says the Basker Manta Gummy joint venture believes that a subsea gas development is the preferred option to develop the Manta gas resource offshore Victoria, Australia.

Beach Energy Delivers Gas from Australia's SACB, SWQ Projects to Origin
Wednesday, July 01, 2015Beach Energy commences gas delivery to Origin Energy from its South Australian Cooper Basin and South West Queensland projects in Australia.

Beach Energy Exits Stake in Romanian Block to Focus on Australia
Wednesday, June 17, 2015Australia's Beach Energy withdraws from Block 28 Est Cobalcescu in Romania to focus on growing its business at home.

Woodside Withdraws from Lake Tanganyika South Block in Tanzania
Wednesday, May 27, 2015Woodside withdraws from Lake Tanganyika South block in Tanzania.

Beach Energy Fails to Find Oil at Sensation-1 Well in Cooper Basin
Monday, May 25, 2015Beach Energy fail to find oil at Sensation-1 exploration well in PRL 98 in Cooper Basin, South Australia.

Beach Energy Spuds Sensation-1 Oil Prospect in PRL 98 in SA's Cooper Basin
Tuesday, May 19, 2015Beach Energy spuds Sensation-1 oil exploration well in PRL 98 on the western flank of the Cooper Basin, South Australia.

Beach Updates on Drilling Success at Callawonga-11 Well in Cooper Basin
Wednesday, May 13, 2015Beach Energy updates on drilling success at Callawonga-11 well in PPL 220 on the western flank of the Cooper Basin, South Australia.

Cooper Energy Spuds Callawonga-10 Well in Cooper Basin in South Australia
Monday, April 27, 2015Cooper Energy spuds Callawonga-10 in a three-well drilling campaign in PPL 220 and PRL 98 on the western flank of the Cooper Basin, South Australia.

Cooper Energy Provides Update on Drilling in Indonesia, Australia
Wednesday, April 08, 2015Cooper Energy provides update on drilling operations in Indonesia and Australia.

Beach Ups Contingent Resources of Nappamerri Trough Project, Chevron Quits
Monday, March 30, 2015Beach Energy raises natural gas contingent resources at Nappamerri Trough project in Queensland, Australia as Chevron withdraws from the project.

Drilling Commences at Perlubie-3 Appraisal Well in PPL 247 in Cooper Basin
Monday, March 30, 2015Drilling commences at Perlubie-3 appraisal well in permit PPL 247 in the Cooper Basin, South Australia.

Beach Energy Finds Oil at Stanleys-1 Well in PRL 171 in SA's Cooper Basin
Tuesday, March 10, 2015Beach Energy discovers oil at Stanleys-1 exploration well in permit PRL 171 in South Australia's Cooper Basin.

Beach Energy Finds Gas at Ragnal-1 and Oil at Martlet-1 Wells in Australia
Wednesday, March 04, 2015Beach Energy discovers gas at Ralgnal-1 well in PRL 130 and oil at Martlet North-1 well in PRL 148 in Australia.

Earlier Start Date for Former Woodside EVP Robert Cole as Beach Energy's MD
Monday, March 02, 2015Former Woodside executive vice president Robert Cole will commence work as managing director of Australia's Beach Energy earlier than planned.

Senex Finds Oil at Martlet North-1 Well in South Australian Cooper Basin
Tuesday, February 24, 2015Senex Energy discovers oil at Martlet North-1 exploration well on the western flank of the South Australian Coooper Basin.

Beach Energy Makes Wet Gas Discovery at Ralgnal-1 Well in SA Cooper Basin
Tuesday, February 10, 2015Beach Energy makes a wet gas discovery at Ralgnal-1 exploration well in permit PRL 130 in South Australian Cooper Basin.

Beach Energy Shuts in Geoffrey-1 Well in ATP 855 in Cooper-Eromanga Basin
Wednesday, February 04, 2015Beach Energy shuts in Geoffrey-1 exploration well in ATP 855 in the Cooper-Eromanga Basin in Queensland, Australia.

Beach Energy Cuts Capex in 2H FY15 by $43M Due to Lower Oil Prices
Thursday, January 29, 2015Beach Energy reduces its capital expenditure for second half of financial year 2015 by $43 million to $339-371 million as a result of lower oil prices.

Icon Updates on Stimulation, Flow Testing Program in ATP 855 in Queensland
Wednesday, January 21, 2015Icon Energy updates on the stimulation and flow testing program in permit ATP 855 in the Cooper-Eromanga Basin in Queensland, Australia.

3D Oil Completes 3D Seismic Survey in Permit T/49P in Otway Basin
Friday, December 12, 20143D Oil completes 3D seismic survey in permit T/49P in Otway Basin, offshore Australia.

Beach Energy Reports on Nappamerri Trough Natural Gas Program in Australia
Friday, December 12, 2014Beach Energy reports on progress at the Nappamerri Trough Natural Gas program in Australia.