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Beach Energy Sells Otway Stake for $70M Cash and $140M Royalties
8:21am on Monday 25th of May, 2026 AEST
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Energy
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Beach Energy Sells Otway Stake for $70M Cash and $140M Royalties
8:21am on Monday 25th of May, 2026 AEST
Key Points
Sale of 60% VIC/L35 interest including Artisan discovery
$70 million upfront cash plus $140 million production royalty
Transaction valued at approximately $130 million after tax
More than $500 million capital freed for redeployment
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