OPERATIONS

Beach on acquisition trail with plans to develop Cooper gas resource

BEACH Petroleum is planning an aggressive approach to acquisitions and the development of its large resource base after the company's net profit after tax rose 309% to $260.4 million for the 2009 financial year.

Marija Stojkovic

Beach on acquisition trail with plans to develop Cooper gas resource

Revenue for the period was $986.7 million, up 44% due to higher oil and gas sales and the sale of the Tipton West assets to Arrow Energy for $400 million. Sales revenue for the year ended June 30, 2009,...

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