Business Description:
Beach Energy Limited (BPT, formerly Beach Petroleum) is involved in oil and gas exploration, development and production, as well as investment in resource industry. BPT has interests in more than 300 exploration and production tenements both in Australia and internationally, with its primary production and exploration focus in the Cooper-Eromanga Basin in central Australia. As at June 2011, BPT had 2P reserves of 77 MMboe and 2C contingent resources of 660 MMboe. The FY11 production was 6.6 MMboe.

Strategy Analysis:
BPT strategy is focused on maintaining a balanced exposure to risk and reward across existing exploration and development projects. Further investment opportunities will be based on affordability and use of low pollutant energy. It is important to BPT that strategic planning allows for flexibility as well as growth. Beach Energy reported a net loss of $96.79m for the year ended 30 June 2011. Revenues from ordinary activities were $498.22m, up 2% from last year. Diluted EPS was (8.87) cents compared to 3.09 cents last year. Net operating cash flow was $184.53m compared to $128.47m last year. The final dividend declared was 1 cent, taking the full year dividend to 1.75 cents compared with 1.75 cents last year. Looking ahead, the Company reported that opportunities are supported by strong cash flow generating assets in the Cooper Basin, which should only increase as pipeline infrastructure improves oil and gas production and flood waters recede to provide access for new exploration campaigns.