Wednesday, 22 July, 2020 - 10:00
Beach FY earnings to miss forecast
Beach Energy said its earnings and oil production will be slightly below previous full-year guidance due to the impact of the coronavirus pandemic and low oil prices.
Matthew Kay was the chief executive and managing director of Beach Energy for 6 years until November 2021. Prior to that, he was the executive general manager of strategy and commercial at Oil Search, a position he held for two years, where he was a member of the executive team and led the strategy, commercial, supply chain, economics, marketing, M&A and legal functions. Prior to Oil Search, Mr Kay spent 12 years with Woodside Energy in various leadership roles including vice president of corporate development, general manager of production planning leading over 80 operations professionals, and general manager of commercial for Middle East and Africa.
Mr Kay developed extensive leadership skills across LNG, pipeline gas and oil joint ventures, and developments in Australia and internationally.
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1663rd | Triton Minerals">Triton Minerals | -65.25% | -25.96% |
1664th | Oakajee Corporation">Oakajee Corporation | -65.26% | -30.13% |
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1666th | Anax Metals">Anax Metals | -65.51% | 0.03% |
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NEWS: Tagged in Beach FY earnings to miss forecast | 22 Jul 2020 |
Beach Energy said its earnings and oil production will be slightly below previous full-year guidance due to the impact of the coronavirus pandemic and low oil prices.
The owners of the giant Waitsia gas field intend to export half the gas rather than reserve it for the domestic market after securing state government approval for their plans.
Brisbane-headquartered Senex Energy will exit South Australia’s Cooper Basin after more than 20 years, with its assets to be sold to Beach Energy for $87.5 million.
Seven Group-backed Beach Energy has downgraded its full-year production and earnings targets along with its Western Flank oil reserves, sending shares in both companies down.
Confirmation of Santos and Beach Energy's $220 million carbon capture and storage project in South Australia has been followed by the swift departure of Beach's chief executive, Matt Kay.
Our board moves wrap includes Matthew Kay, Morne Engelbrecht, Hugh Callaghan, Shannon Green, and Su-Mei Sain.
Our board moves wrap includes Kate Hill, John Konstantopoulos, Jocelyn Bennett, Frank Knezovic, William Witham, Matthew Kay, Hayden Bartrop, Jessamyn Lyons, David Groombridge, Jacqueline Murray, Xavier Braud, Trevor Bradley.
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