Our board moves wrap includes Kate Hill, John Konstantopoulos, Jocelyn Bennett, Frank Knezovic, William Witham, Matthew Kay, Hayden Bartrop, Jessamyn Lyons, David Groombridge, Jacqueline Murray, Xavier Braud, Trevor Bradley.
Confirmation of Santos and Beach Energy's $220 million carbon capture and storage project in South Australia has been followed by the swift departure of Beach's chief executive, Matt Kay.
Seven Group-backed Beach Energy has downgraded its full-year production and earnings targets along with its Western Flank oil reserves, sending shares in both companies down.
Brisbane-headquartered Senex Energy will exit South Australia's Cooper Basin after more than 20 years, with its assets to be sold to Beach Energy for $87.5 million.
The owners of the giant Waitsia gas field intend to export half the gas rather than reserve it for the domestic market after securing state government approval for their plans.
Beach Energy said its earnings and oil production will be slightly below previous full-year guidance due to the impact of the coronavirus pandemic and low oil prices.
