Beach Energy Portfolio — natural gas project

Consolidated upstream portfolio of Beach Energy Limited, an ASX-listed, gas-weighted Australian oil and gas producer supplying domestic energy from operations across five basins: the Cooper Basin (Western Flank oil/gas and the Santos-operated Cooper Basin JV), the Otway Basin (Victoria and South Australia), the Bass Basin, the Perth Basin (Waitsia), and the Taranaki Basin (Kupe) in New Zealand. FY25 production rose 9% to 19.7 MMBOE (sales up 16% to 24.7 MMBOE) with first Waitsia LNG cargoes during the year. Net-to-Beach reserves at 30 June 2025 were 93.4 MMBOE 1P, 172.5 MMBOE 2P (76% developed) and 253 MMBOE 3P, with 179.3 MMBOE of 2C contingent resources; 2P reserves life is 8.8 years. Beach is also progressing the Moomba carbon capture and storage project (2P CO2 storage capacity 4.1 Mt; 2C storage 89.2 Mt). The company finished FY25 with A$368 million of net debt and declared total dividends of 9 cents per share.