Beach Energy

SGH currently has a 25.6 per cent interest in Beach Energy, a company listed on the ASX (ticker code: “BPT”) with a market capitalisation of $4.4 billion at 10 July 2018 and has two board seats. As announced on ASX on 31 January 2018, Beach acquired the assets of Lattice Energy Limited in a transformational $1.5 billion (after adjustments) transaction which has delivered significant scale, diversity and growth options to Beach Energy. As a result of the transaction, Beach Energy has transformed from a single basin producer to a multi-basin, onshore and offshore producer with significant gas processing capabilities across Australia and New Zealand increasing its 2P reserves from 75 MMboe to 313 MMboe.