Episode Details

Beach Energy, a significant gas player in South Australia, is selling its 60% stake in the VIC/L35 project off Victorias coast for $70 million, with royalty payments to follow. The company is also deferring drilling at La Bella two in the Otway Basin, freeing up $500 million for better-returning projects. This strategic move aims to optimize their portfolio and secure stronger profits, while still ensuring gas supply for the east coast.

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