Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 22 : 29-Jul-16

Beach Energy has reported that the lower crude oil price resulted in its 2015-16 sales falling by 23.3 per cent, to $A558 million. Full-year production totalled 9.66 barrels of oil equivalent. The group posted sales revenue of $A16.6m for the June quarter, and production for the period rose by 13 per cent to 2.7 million. Beach has also advised that it expects capital expenditure to be within the range of $A180m to $A200m in 2016-17, while it aims to finalise an acquisition in the next six months.

CORPORATES
BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED, OIL SEARCH LIMITED – ASX OSH, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, RBC CAPITAL MARKETS, JP MORGAN AUSTRALIA LIMITED