![Beach Energy Limited (ASX:BPT) Received A$43.2 Million Contingent Payment For The Sale Of Tipton West Assets](http://media.abnnewswire.net/topimg/en/63238_01_h.jpg)
Beach Energy Limited (ASX:BPT) Received A$43.2 Million Contingent Payment For The Sale Of Tipton West Assets
Perth, Sep 6, 2010 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (
PINK:BEPTF) has received a A$43.2 million contingent payment from Arrow Energy (
ASX:AOE) in relation to the sale of the Tipton West assets.
This now brings the total funds realised from the Tipton West transaction to A$383.3 million. In addition, Beach may receive further contingent payments up to A$26.8 million.
Beach's already strong financial position has been further enhanced by this latest payment, taking cash on hand to approximately A$200 million.
Contact
Reg Nelson / Hector Gordon
Corporate
Steve Masters / Nicola Frazer
Investor Relations
Beach Energy Limited
Tel: +61-8-8338-2833
http://www.beachenergy.com.au
| ||
|