Our board moves wrap includes Brett Woods, Morne Engelbrecht, Bruce Clement, Eamon Hannon, Martin Moloney, Warrick Hazeldine, Geoff Jones, Guy Robertson, and Dan Smith.
Beach Energy has reported quarterly production and revenue gains, while offering a vague update on progress at the Waitsia stage two project in the Perth Basin.
Costs to develop Beach Energy and Mitsui & Co's Waitsia gas project could climb to $850 million, as Webuild prepares to take over the old Clough contract.
Kerry Stokes-backed Beach Energy has reported a drop of more than 10 per cent in its estimated Perth Basin gas reserves after undertaking a drilling campaign at Waitsia.
The board is set for Gina Rinehart's Hancock Energy to take control of Perth Basin desirable Warrego Energy after Kerry Stokes-backed Beach Energy declined to match a $342 million cash offer.
Warrego Energy has agreed to a takeover offer from Kerry Stokes-backed Beach Energy, bypassing a competing offer from its joint venture partner, the John Poynton-chaired Strike Energy.
Shares in Kerry Stokes-backed Beach Energy plummeted more than 13 per cent during trading with the market seemingly underwhelmed by the oil and gas business' production outlook.
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.
