Ref. #022/17
ASX Ltd
Companies Announcement Office Electronic Lodgement System
FY17 GUIDANCE UPDATE
Beach Energy Ltd (ASX: BPT, "Beach") provides the following update in relation to guidance for FY17 production volumes and capital expenditure.
Production volumes
Beach has maintained its FY17 production guidance range of 10.3 - 10.7 MMboe. Capital expenditure
Beach has reduced its FY17 capital expenditure guidance range to $160 - 170 million (previously
$170 - 185 million). Factors contributing to this downward revision include:
Ongoing operating efficiencies which have resulted in faster drill times and reduced well costs;
Fit-for-purpose revisions to non-essential maintenance within both operated and non-operated ventures; and
Delay from Q4 FY17 to Q1 FY18 of certain project completions and long-lead item receipts. Yours sincerely,
Matt Kay
Chief Executive Officer
For more information please contact the following on +61 8 8338 2833 CorporateMatt Kay Chief Executive Officer
Investor Relations
Derek Piper Investor Relations Manager
Page 1 of 1
Beach Energy Limited published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 23:32:11 UTC.
Original documenthttp://www.beachenergy.com.au/irm/PDF/6563_0/FY17GuidanceUpdate
Public permalinkhttp://www.publicnow.com/view/DC46D56400BE1B81D876E5B42C746931A8FF7FF0