Beach Energy
(ASX:BPT) has announced a 5% drop in production in the March 2017 quarter, compared to the prior period.
Meantime, the oil and gas explorer and producer’s sales volumes fell 14% from the second to the third quarter of 2017.
Beach Energy says the production drop was a natural decline and partly offset by better than expected performance in artificial lift installations.
The company did however maintain its 2017 financial year guidance as it is continuing to benefit from operating, cost and commercial initiatives.
Shares in Beach Energy
(ASX:BPT) opened 1.35% lower to 73 cents.
