Earnings release
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 1 of 10 ASX Announcement FY27 First Quarter Activities Report Reference #052/26 Date 21 October 2026 Production up 9% quarter-on-quarter to 5.4 MMboe, including six-year monthly high in August • Strong Beach-operated asset performance: Otway Basin production up 20%, Western Flank production up 15% and Bass Basin production up 55% compared to the prior quarter • Improved Waitsia reliability delivered production rates above 240 TJ/day (gross) for 20 days in August ; Production back to full rates after statutory shutdown in September Sales Revenue up 41% quarter-on-quarter to $565 million, the highest quarterly revenue ever reported • Average realised gas price increased 7% to $11.9/GJ supported by gas marketing and portfolio optimisation • Realised oil price ($166/bbl) supported by price premiums of ~US$19/bbl; ~US$28/bbl for Q2 sales to date • Result supported by timing of oil and lifting of two LNG cargoes in Q1; one LNG cargo expected in Q2 Cash Flow outlook materially derisked with Waitsia shutdown and Equinox campaign complete • Post Equinox completion, no further material offshore abandonment spend expected before mid-2030’s FY27 guidance maintained for production (19.5 – 23.0 MMboe) and capex ($600 – 700 million) Comments from Managing Director and Chief Executive Officer, Mr Brett Woods: “We delivered a strong start to FY27, with production up 9% to 5.4 MMboe and sales revenue increasing 41% to $565 million for the quarter, which is the highest quarterly sales revenue result ever realised by Beach . The result reflects disciplined execution across our operations and stronger performance from the Waitsia Gas Plant, which achieved a record average monthly production rate of 219 TJ/day in August. “Although we achieved this result whilst reaching 21 consecutive months without a recordable injury, the streak came to an end shortly after quarter -end with a contractor experiencing a minor hand injury. We remain committed to continuously strengthening our safety performance and protecting our people . “Disciplined execution of our marketing strategy continued to maximise portfolio value, delivering a 7% increase in the average realised gas price and crude oil sales price premiums of approximately US$19/bbl. Our strategy is focused on creating value through greater supply flexibility, lower transportation costs and a broader range of commodity-linked price structures. Our first JKM-linked domestic gas sales contract on the East Coast demonstrates how this approach can deliver better outcomes for both Beach and our customers . “Long-term gas security also depends on policy settings that encourage investment in supply . The proposed 110% oversupply within the Domestic Gas Reservation Bill may drive lower prices in the short term but discourage new projects and increase the risk of longer-term shortages for manufacturers, households and the broader economy. The final framework must recognise genuine investment -led additional supply, including incremental production from existing fields, to strengthen gas security,” Mr Woods said. For further information, please contact the following on +61 8 8338 2833 Investor Relations Dale Koenders, General Manager Investor Relations and Strategic Advisor to the CFO Media Ken McGregor, Manager Media & Government Relations
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 2 of 10 Key Metrics Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change Production (MMboe) 5.0 4.9 5.4 9% Sales Volumes (MMboe) 6.8 4.8 6.3 32% Sales Revenue ($ million) 537 400 565 41% Realised Oil Price ($/bbl) 113 174 166 (4%) Realised Sales Gas Price ($/GJ) 11.7 11.1 11.9 7% Production Production of 5.4 MMboe was 9% above the prior quarter, driven by higher production in the Western Flank with connection of new wells , as well as in the Otway and Bass basins mainly due to strong operational performance. FY27 production guidance of 19.5 – 23.0 MMboe remains unchanged. Production (net to Beach) Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change Total Production Sales Gas PJ 22.6 23.2 25.1 9% LPG kt 42 32 34 6% Condensate kbbl 354 245 295 20% Oil kbbl 421 437 491 12% Total kboe 5,013 4,931 5,392 9% Cooper Basin JV Sales Gas PJ 6.2 6.2 6.2 0% LPG kt 10 11 10 (14%) Condensate kbbl 88 74 76 3% Oil kbbl 174 181 180 (0%) Total kboe 1,423 1,424 1,413 (1%) Western Flank Sales Gas PJ 0.5 0.4 0.4 4% LPG Kt 2 2 2 6% Condensate Kbbl 16 16 14 (16%) Oil Kbbl 247 257 311 21% Total Kboe 373 361 416 15% Perth Basin Sales Gas PJ 2.5 7.7 7.9 3% Total kboe 427 1,329 1,365 3% Otway Basin Sales Gas PJ 9.7 6.4 7.6 20% LPG kt 16 10 11 13% Condensate kbbl 151 95 120 27% Total kboe 1,947 1,270 1,523 20% Bass Basin Sales Gas PJ 2.0 1.0 1.5 48% LPG kt 6 2 4 80% Condensate kbbl 63 31 56 78% Total kboe 449 227 351 55% Taranaki Basin Sales Gas PJ 1.7 1.4 1.4 1% LPG kt 8 6 6 4% Condensate kbbl 35 28 29 0% Total kboe 394 320 324 1%
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 3 of 10 Sales volumes Total sales volumes of 6,283 kboe were 32% above the prior quarter, primarily due to higher production and the timing of LNG and oil liftings. LNG cargo scheduling with the North West Shelf resulted in two Waitsia LNG cargoes being lifted by Beach in the period, increasing the net overlift position with the North West Shelf to 11 PJ (Beach share). Beach expects to lift one LNG cargo in Q2 FY27 and continues to expect the overlift position to unwind by end FY27. Beach conducted one additional Cooper Basin oil lifting in the period (Q4 FY26: one lifting). Sales Volumes Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change Oil (kbbl) 751 382 833 118% Sales Gas (PJ) 22.1 18.0 19.6 9% LPG (kt) 43 30 33 9% LNG (kt) 155 73 146 100% Condensate (kbbl) 431 354 416 18% Total Sales Volumes (kboe) 6,826 4,773 6,283 32% Total Own Product (kboe) 5,143 4,512 5,858 30% Total Third Party (kboe) 1,682 262 425 63% Note: Figures and ratios throughout this report may not reconcile to totals due to rounding. Sales revenue Sales revenue increased 41% from the prior quarter to $565 million, driven by higher sales volumes , with incremental benefits from marketing and trading efforts continuing to realise strong oil premiums and gas prices. The average realised price across all products increased 7% from the prior quarter to $90 per boe. The average realised gas price rose 7% to $11.9 per GJ, while the average realised oil price decreased 4% to $166 per barrel. The realised oil price was supported by strong price premiums (~US$19 per barrel), a result that has improved with crude sales executed in Q2 FY27 (~US$28 per barrel). Two LNG cargoes were sold an average realised price of $15.2 per MMBtu generating revenue of $115 million. Sales Revenue by Product ($ million) Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change Oil 85 66 138 108% Sales Gas 259 199 232 17% LPG 34 31 28 (8%) LNG 121 56 115 106% Condensate 38 48 51 5% Sales Gas and Gas Liquids 452 334 426 28% Total Sales Revenue 537 400 565 41% Total Own Product 394 365 507 39% Total Third Party 143 36 57 61%
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 4 of 10 Average Realised Prices Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change All Products ($/boe) 79 84 90 7% Oil ($/bbl) 113 174 166 (4%) Sales Gas ($/GJ) 11.7 11.1 11.9 7% LPG ($/tonne) 787 1,026 866 (16%) LNG ($/MMBtu) 15.1 14.8 15.2 3% Condensate ($/bbl) 87 137 122 (11%) Capital expenditure Capital expenditure incurred of $129 million was 46% below the prior quarter as the Equinox rig campaign focused on abandonment activity. FY27 capital expenditure guidance of $600 – 700 million is unchanged. Abandonment expenditure of $96 million was incurred in the period, associated with completion of the Equinox rig campaign. All offshore abandonment activities expected in the short to medium term are now considered complete. Beach does not anticipate any material offshore abandonment spend until the mid-2030’s, before considering opportunities to extend asset life. Capital Expenditure ($ million) Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change Exploration and Appraisal 42 92 13 (86%) Development, Plant and Equipment 124 149 116 (22%) Total Capital Expenditure 166 241 129 (46%) Liquidity As at 30 September 2026, Beach had total liquidity of $945 million comprising cash reserves of $205 million, including insurance proceeds of $43.5 million classified as restricted cash and held for class action settlement, and undrawn committed facilities of $740 million. Net debt increased through the period primarily given abandonment expenditure and payment of the FY26 final dividend ($46 million paid in September). Liquidity ($ million) Sep. Q1 FY26 Jun. Q4 FY26 Sep. Q1 FY27 Qtr on Qtr Change Cash Reserves 196 213 205 (4%) Drawn Debt (680) (600) (630) 5% Net Cash / (Debt) (484) (387) (425) 10% Undrawn Facilities 390 770 740 (4%) Total Liquidity 586 983 945 (4%) Corporate Gas marketing and portfolio optimisation Since 1 July 2026, Beach has executed multiple medium-term domestic gas sales contracts totalling 14 PJ across FY28-30, including its first JKM-linked domestic gas sales contract on the East Coast of Australia. The contracts incorporate flexible supply arrangements and efficient transportation solutions, while diversifying Beach’s pricing exposure across a range of commodity benchmarks and achieving pricing outcomes above standard domestic market benchmarks. Beach will continue to pursue contracting opportunities that optimise portfolio value and deliver strong outcomes for shareholders.
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 5 of 10 Hedging As at 30 September 2026, Beach had no hedging in place. Otway price review process The price review process for the Otway Basin offshore Gas Sales Agreement , for the three -year period commencing 1 July 2026, is ongoing with the parties now in arbitration. Upon finalisation of the review process, the contract price outcome will be backdated to 1 July 2026. VIC/L35 transaction Beach entered into an agreement to sell its 60% operated interest in VIC/L35 in May 2026 . With the well completion criteria satisfied, transfer of the licence and completion of the transaction is now expected in H2 FY27, pending regulatory approvals. See the ASX Announcement released 25 May 2026 for further details. Class action settlement During the quarter Beach executed a deed of settlement to settle the shareholder class action proceeding commenced against it in the Supreme Court of Victoria in November 2021 for an amount of $43.5 million, inclusive of interest and costs. The deed is subject to approval by the Supreme Court of Victoria with a hearing expected to occur by end of CY2026 . The full settlement payment will be met by Beach’s available insurance proceeds, with no impact on FY27 earnings or cashflow. Annual General Meeting Beach’s Annual General Meeting will be held at the Adelaide Convention Centre, Adelaide, South Australia on Wednesday 11 November 2026 at 10.30am (ACDT). A live webcast of the AGM will be available via the following link , and a recording of the webcast will be available on the Beach website later in the afternoon. Webcast link: https://beachenergy.com.au/agm/ Perth Basin Production Quarterly gas production of 1,365 kboe was 3% above the prior quarter. The Waitsia Gas Plant achieved a record average monthly production rate of 219 TJ/day in August before entering a planned statutory shutdown on 4 September. The shutdown was optimally aligned with a North West Shelf processor outage. During the subsequent ramp-up, several air cooler plugs that were replaced during the shutdown failed their leak testing program and required rectification. This delayed the final start-up until 8 October. All planned works, including hot water valve replacement and a multitude of equipment modifications and/or upgrades were completed to address prior reliability concerns . Since returning to normal operations, the Waitsia Gas Plant has produced at an average rate of ~235 TJ/day. The joint venture reached a final investment decision to progress the Waitsia Inlet Compression project during the quarter. Long-lead items are well progressed, key contracts are being executed, and the compressor turbine package is due to arrive by end -CY2026. Site works are expected to commence in H2 FY27 with start-up expected in FY29. Capital expenditure of approximately $120 million (net to Beach) is expected, split broadly equally over FY27 and FY28, with FY27 expenditure included in group capex guidance. Exploration, appraisal and development The joint venture advanced preparations to drill the Stawellia and Waitsia South prospects in the L1 and L2 acreage during the quarter . The Ventia 106 rig has been contracted with drilling expected to commence in
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 6 of 10 early CY2027, subject to the receipt of final regulatory approvals and long lead items . The program targets potential backfill to the Waitsia Gas Plant. Additionally, activities are underway to acquire 3D seismic in H2 FY27 to delineate potential for future conventional exploration targets and tight gas opportunities, subject to the implementation of an environmental approvals path anticipated to be defined by State Government in the coming months. Gas balancing The Waitsia joint venture had executed gas swaps via third party purchase or sell -back arrangements with domestic counterparties totalling 30 PJ (net) as at 30 June 2026, to support early LNG liftings. Approximately 9 TJ/day (net) was returned in Q1 FY27, which is anticipated to continue at a similar level in Q2 FY27. Beach expects to physically return ~3.2 PJ in -kind and sell -back ~1.4 PJ at a predetermined Western Australian domestic gas price, in FY27. Otway Basin Production Total gas and gas liquids production of 1.5 MMboe was 20% above the prior quarter , mainly due to strong operational performance, partly offset by a disruption to the inlet gas compressor in mid-July. The inlet compressor operation was fully restored by late August. A planned 28-day integrity shutdown of the Otway Gas Plant commenced shortly after quarter-end. Pleasingly, the statutory shutdown interval has been safely extended from four years to six years, supported by a strong focus on reliability and proactive maintenance. Nearshore campaign Beach and its joint venture partner are progressing the two-well nearshore Otway exploration campaign targeting the Enterprise East and Selje prospects , with a final investment decision expected in Q2 FY27 and drilling planned to commence in H1 FY28 . The proposed campaign will utilise existing Beach-operated infrastructure and require total capital expenditure of approximately $175 – 200 million (gross). On a success basis, the project is targeting an all -in development cost of approximately $5/GJ, with first gas from FY29, subject to regulatory and environmental approvals. Deeper water campaign Beach is progressing a potential farm-out arrangement of its 100% -owned T/30P and T/50P permits in the deeper water Otway Basin, with a strong level of interest received from preliminary conversations. Cooper Basin Western Flank Production Total oil and gas production of 416 kboe was 15% above the prior quarter. Oil production of 311 kbbl was 21% above the prior quarter due to restoration of flood impacted oil wells and production from new well connections. At quarter -end, approximately 300 bopd remains offline due to inundation but eight of nine appraisal and development wells drilled in FY26 have been brought online and are cumulatively producing in- line with initial expectations. Exploration, appraisal and development The Ventia 101 rig returned to Beach shortly after quarter-end, spudding the first of two oil development wells in early October. A nine-well exploration campaign is expected to follow (an increase from prior plans of eight) targeting expansion of existing play horizons and potentially unlocking new drilling opportunities. The drilling campaign is expected to conclude in Q3 FY27.
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 7 of 10 Cooper Basin JV Production Total oil and gas production of 1. 4 MMboe was in-line with the prior quarter with continued strong and predictable operations. Exploration, appraisal and development Beach participated in 13 wells during the quarter, achieving an overall success rate of 85% from 10 gas development wells, one gas exploration well and two oil development wells. Upcoming activity will focus on Granite Wash appraisal, Big Lake Central development and Moomba North Patchawarra appraisal. Moomba Central Optimisation project During the quarter , Beach and joint venture partner Santos continued early-stage activities for the Moomba Central Optimisation project , including commencement of detailed design and locking in major long-lead procurement. Detailed engineering and ongoing procurement and sourcing will continue in Q2 FY27 and the project is targeting completion in H1 FY29. The Cooper Basin joint venture is targeting more than $400 million in capital and operating cost savings over the life of the Central Fields (net to Beach), and up to $3 per barrel reduction in Cooper Basin unit costs. During the quarter, brownfield work continued in earnest at both the Moomba and Port Bonython facilities. At quarter-end, the Moomba Simplification project is more than 50% complete. Moomba CCS Total captured and stored emissions of 274 ktCO2e were 23% below the prior quarter ( Q4 FY26: 357 ktCO2e) due to an 18-day shutdown of the Moomba CCS facility in August to conduct scheduled maintenance activities. The total captured and stored emissions represented 77% of the gas stream available for storage during the period. The facility and injection wells continue to perform within expectation. Bass Basin Production Total gas and gas liquids production of 351 kboe was 55% above the prior quarter due to successful maintenance of the offshore compressor and better than anticipated asset reliability. The Lang Lang Gas Plant produced at an average daily rate of 16 TJ/day. Installation of a new compressor bundle assembly is expected in late FY27. Equinox rig campaign Beach finalised the Equinox rig campaign during the quarter with the Yolla 1 legacy well safely plugged and abandoned within budget. The Equinox rig was released from Beach on 15 August and mobilised to another consortium member. Taranaki Basin Production Total gas and gas liquids production of 324 kboe was 1% above the prior quarter due to continued high plant availability and strong customer nominations . The Kupe Gas Plant produced at an average daily rate of 31 TJ/day (gross). A seven-day shutdown of the Kupe Gas Plant is planned for November 2026 during which time Beach will install a new inlet compressor bundle and conduct minor maintenance activities at the plant.
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 8 of 10 Taroom Trough New acreage During the quarter, Beach and joint venture partners Omega (45% and operator) and Tristar Group (30%) were awarded the PRL2026-1-10 exploration permit (Block 10 , to be designated ATP 2082) through the Queensland Government’s competitive 2026 gazettal round. At 1,138 km2 (~281,200 acres), ATP 2082 is the largest exploration tenement awarded in the 2026 round and represents the final ground -floor opportunity to acquire core acreage at scale within the emerging Taroom Trough trend. The award increases Beach’s total Taroom Trough acreage position to approximately 1,88 8 km2 gross and 47 2 km2 net (~116, 600 net acres), providing Beach with a n increasingly material position in the emerging basin. Exploration campaign After quarter-end, the joint venture commenced a preliminary two-well campaign in ATP 2081 (Canyon North 1 and Canyon North 2). Results are expected in Q2 FY27 with follow up activity in H2 FY27 to potentially include drilling, stimulation and flow testing of a horizontal lateral of up to 2,000m. Planning is also underway for a 2D seismic survey. Drilling Summary Basin Category Wells Spudded Wells Completed Successful Wells Success Rate Cooper Oil – Development 2 2 0 0% Gas – Exploration 1 1 1 100% Gas – Development 10 10 10 100% Total Wells 13 13 11 85% All Exploration Wells 1 1 1 100% All Development Wells 12 12 10 83% Note: Drilling success is defined as wells cased and suspended or completed as a future producer.
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Beach Energy Limited | Quarterly report for the period ended 30 September 2026 Beach Energy Limited Page 9 of 10 Well Basin / Area Target Type Beach % Well Status Narcoonowie 16 Cooper / SA Oil Dev 33.40% P&A Narcoonowie 17 Cooper / SA Oil Dev 33.40% P&A Gemba 3 Cooper / SA Gas Dev 33.40% C&S Moomba 425 Cooper / SA Gas Dev 33.40% C&S Moomba 426 Cooper / SA Gas Dev 33.40% C&S Moomba 427 Cooper / SA Gas Dev 33.40% C&S Moomba 428 Cooper / SA Gas Dev 33.40% C&S Moomba 429 Cooper / SA Gas Dev 33.40% C&S Moomba 430 Cooper / SA Gas Dev 33.40% C&S Moomba 431 Cooper / SA Gas Dev 33.40% C&S Moomba 432 Cooper / SA Gas Dev 33.40% C&S Moomba 433 Cooper / SA Gas Dev 33.40% C&S Neuro 1 Cooper / SA Gas Exp 33.33% C&S Authorisation, disclaimer and other information Authorisation This announcement has been authorised for release by the Beach Board of Directors. Disclaimer This ASX announcement contains forward looking statements that are subject to risk factors associated with oil, gas and related businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and c hanges in underlying assumptions which could cause actual results or trends to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, i ndustry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delays or advancements, approvals and cost estimates. All references to dollars, cents or $ in this announcement are to Australian currency, unless otherwise stated. References to “Beach” may be references to Beach Energy Limited or its subsidiaries. Certain planned activities are subject to joint venture approvals. References to planned activities in FY27 and beyond are subject to finalisation of work programs, Government approvals, joint venture approvals and Board approvals. Assumptions Future development, appraisal and exploration projects are subject to approvals such as Government approvals, joint venture approvals and Board approvals. Beach expresses no view as to whether all required approvals will be obtained in accordance with current project schedules. Conversion factors used to evaluate oil equivalent quantities are oil: 1 boe per bbl, condensate: 1 boe per bbl (adjusted from 0.935 boe per bbl to 1 boe per bbl, and applied from 1 July 2025 to align with peers and standard industry practice, and reflecting less than 0.5% change to FY26 production) , sales gas: 171,940 boe per PJ, LPG: 8.458 boe per tonne, and LNG: 9.531 boe per tonne. Reserves are stated net of fuel, flare and vent at reference points defined by the custody transfer point of each product.
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Beach Energy Limited Page 10 of 10 Glossary $ Australian dollars Amplitude Energy Amplitude Energy Limited and its subsidiaries BassGas The BassGas Project (Beach 100%), produces gas from the offshore Yolla gas field in the Bass Basin in production licence T/L1. Beach also holds a 100% operated interest in licenses T/RL2 (pending production licence application), T/RL4 and T/RL5 bbl Barrels Beach Beach Energy Limited and its subsidiaries Beharra Springs Beharra Springs (Beach 50% and operator, MEPAU 50%) produces gas from the onshore Beharra Springs gas field in the Perth Basin in production licences L11 and L22 boe Barrels of oil equivalent – the volume of hydrocarbons expressed in terms of the volume of oil which would contain an equivalent volume of energy BP BP Singapore Pte. Limited, a subsidiary of BP plc C&S Cased and suspended CCS Carbon capture and storage Cooper Basin Includes both Cooper and Eromanga basins Cooper Basin JV The Santos operated SACB JVs and SWQ JVs and ATP 299 (Tintaburra - Beach 40%, Santos 60% and operator) EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation Echelon Echelon Resources Limited and its subsidiaries Ex PEL 91 PRLs 151 to 172 and various production licences. Beach 100% and operator Ex PEL 92 PRLs 85 to 104 and various production licences. Beach 75% and operator, Amplitude Energy 25% Ex PEL 104 / 111 PRLs 136 to 150 and various production licences. Beach 100% and operator Ex PEL 106 PRLs 129 and 130 and various production licences. Beach 100% and operator FY(27) Financial year (2027) GSA Gas sales agreement GJ Gigajoule H(1) (FY27) (First) half year period of (FY27) H(1) (CY2027) (First) half of calendar year (2027) JV Joint Venture JKM LNG Japan/Korea Marker kbbl Thousand barrels of oil kboe Thousand barrels of oil equivalent kbopd Thousand barrels of oil per day Kt Thousand metric tonnes ktCO2e Thousand metric tonnes of carbon dioxide equivalent Kupe Kupe Gas Project (Beach 50% and operator, Genesis 46%, Echelon 4%) produces gas from the offshore Kupe gas field in the Taranaki Basin in licence PML 38146 LNG Liquefied natural gas LPG Liquefied petroleum gas MEPAU Mitsui E&P Australia Mitsui Mitsui & Co., Limited and its subsidiaries MMbbl Million barrels of oil MMboe Million barrels of oil equivalent MMbtu Million British thermal units MMscfd Million standard cubic feet of gas per day Mt Million metric tonnes Omega Omega Oil and Gas Limited and its subsidiaries O.G. Energy O.G. Energy Holdings Limited., a member of the Ofer Global group of companies Origin Origin Energy Limited and its subsidiaries Other Cooper Basin Other Cooper Basin producing permit areas are ex PEL 513/632 (Beach 40%, Santos 60% and operator) and ex PEL 182 (Vanessa) (Beach 100%) P&A Plugged and abandoned P&S Plugged and suspended PEL Petroleum Exploration Licence Perth Basin Includes Beach’s Waitsia and Beharra Springs assets PRL Petroleum Retention Licence PJ Petajoule Qtr Quarter RL Retention Licence SACB JV South Australian Cooper Basin Joint Ventures, which include the Fixed Factor Area (Beach 33.4%, Santos 66.6% and operator) and the Patchawarra East Block (Beach 27.68%, Santos 72.32% and operator) Santos Santos Limited and its subsidiaries SPA Sale and Purchase Agreement SWQ JV South West Queensland Joint Ventures, incorporating various equity interests (Beach 30-52.5%; Santos operator) TJ Terajoule Tri-Star Group Ti-Star E&P Pty Ltd and its subsidiaries Victorian Otway Basin Produces gas from licences VIC/L1(v) which contains the Halladale, Black Watch and Speculant nearshore gas fields, VIC/L007745(v), which contains the Enterprise gas field, and licences VIC/L23, T/L2, T/L3 and T/L4 which contain the Geographe and Thylacine offshore gas fields. Beach also holds non-producing offshore licenses VIC/P42(v), VIC/P43, VIC/P73 and VIC/P007192(v) Western Flank Gas Comprises gas production from ex PEL 91 and 106 (Beach 100% and operator) Western Flank Oil Comprises oil production from ex PEL 91 (Beach 100% and operator), ex PEL 92 (Beach 75% and operator, Amplitude Energy 25%) and ex PEL 104/111 (Beach 100% and operator)