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  1. locshare11

    800 Posts.
    Beach Energy recognizes Cooper Basin impairments
    The Australian
    Beach Energy informed of asset impairment charges of $166 million after tax, expected to be recognised in the FY15 half year accounts, due for release on Monday, 23 February 2015.
    Asset carrying values have been assessed as part of Beach’s half year review process, with resultant impairment charges reflecting the current environment of lower oil prices.

    Cooper Basin impairment charges have been determined on an area of interest basis and comprise primarily non-operated oil, gas and gas liquids interests.

    The value of Romanian interests has been reduced to nil, with no further exploration scheduled.

    What impairments mean for Icn non-operated in Surat Basin,Qld and in Gippsland, Victoria. Gassed.
    Does that mean the Bot! at .10c nosediving to a new lower low for Icn.
    Could Icn access an "assets swap" in the like of Senex energy with Origin. For example sell the Surat assets to Carbon Energy and sell the Gippsland assets to Lake oil where those companies are active.

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