Beach Energy Limited (ASX:BPT) acquires Cooper Basin asset portfolio from Senex Energy Limited (ASX:SXY) through an Asset Sales Agreement.
- The acquisition by the Company is in line with its business strategy to expand footprints in the Cooper Basin.
- Post the acquisition for a cash consideration of $87.5 million, effective from 1 July 2020, BPT will be the sole operator in the Western Flank and associated infrastructure.
- The acquisition by the oil producer is immediately earnings accretive with identified synergies of $5 million per annum.