GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beach Energy Ltd (FRA:BPS) » Definitions » Other Liabilities for Insurance Companies

Beach Energy (FRA:BPS) Other Liabilities for Insurance Companies


View and export this data going back to 2009. Start your Free Trial

What is Beach Energy Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


Beach Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beach Energy Ltd (FRA:BPS) » Definitions » Other Liabilities for Insurance Companies
Traded in Other Exchanges
Address
80 Flinders Street, Level 8, Adelaide, SA, AUS, 5000
Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is 10 years based on forecast production and 255 mmboe of proven and probable reserves. We credit life of around 15 years, assuming substantial conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.