Satisfaction of Conditions Precedent for the Acquisition of Lattice Energy

Source Press Release
Company Beach Energy LimitedOrigin Energy Limited 
Tags Asset Deals, Deals, Upstream Activities
Date December 19, 2017

Beach Energy Limited (ASX: BPT, “Beach”) is pleased to advise that all conditions precedent relating to the acquisition of Lattice Energy Limited (“Lattice”) from Origin Energy Limited (ASX: ORG) have been satisfied. In accordance with agreed completion procedures, the transaction will settle on 31 January 2018. Economic exposure to Lattice will transfer to Beach from 1 July 2017.

Upcoming communications in relation to Beach, the acquired Lattice assets and outlook for the combined operations are set out below.

Date  Communication / content   
30-Jan-18  Q2 FY18 results / revised FY18 guidance  · Quarterly report, including Lattice production and capital expenditure 
· Revised pro forma (Beach and Lattice) FY18 production and capital expenditure guidance  
31-Jan-18  Confirmation of completion of Lattice acquisition   
19-Feb-18  H1 FY18 results / results presentation  · Beach statutory half-year accounts (excluding Lattice contribution)
· Pro forma Balance Sheet details, including preliminary Lattice purchase price allocation
· Lattice performance summary 
24-Apr-18  Q3 FY18 results  · Quarterly report for combined operations, including Lattice contribution from completion 
Q4 FY18  Investor morning  · Lattice portfolio review
· Lattice capital program update
· Operations update 
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