Beach Energy Ltd admitted to S and P ASX 100 Index
Sydney, Mar 5, 2012 AEST (ABN Newswire) - Beach Energy Ltd (
ASX:BPT) will join the S&P ASX 100 index from March 16, 2012.
Beach, one of Australia's leading energy exploration and production companies, was among the best performing stocks on the ASX in 2011 and has continued its strong performance in the first quarter of 2012.
With a current market capitalisation of around $A1.7 billion and a strong balance sheet, Beach is well placed to continue its rapid growth as a major energy supplier.
Beach Managing Director, Reg Nelson, said, "Beach's inclusion in the S&P ASX 100 index provides market recognition of our success in converting exploration potential into strongly profitable oil and gas production."
"Beach has a broad portfolio of assets positioned all along the exploration and development pipeline with very large exposure to some potentially company transforming opportunities such as unconventional gas in the Cooper Basin and major oil potential in the African Rift Valley in Tanzania."
"Beach has a strong balance sheet, a record of paying regular dividends and a portfolio of opportunities matched by very few Australian or international peer companies."
Contact
Beach Energy Limited
T: +61-8-8338-2833
F: +61-8-8338-2336
WWW: www.beachenergy.com.au
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