Aug 10 (Reuters) - Beach Energy Ltd BPT.AX :
* Sale of Beach Egypt to Rockhopper BPT.AX
* Sale consideration will be up to US$22 million
* Entered into a binding agreement with Rockhopper Exploration Plc
* Sale of Beach Petroleum Egypt pty will result in impairment to book value of egyptian assets as part of finalisation of the FY 2015 results
* Agreement for sale of unit Beach Petroleum Egypt pty ltd, whose core asset is a 22% interest in the abu sennan concession in Egypt
* Says completion of the transaction is expected to occur in late 2015 / early 2016
* Divestment of the excluded assets is not expected to result in a material adjustment to the proceeds
* This sale of unit and co's recent exit from Romania, "continues to build on the company's strategy of focusing on Australia and nearby"
* Source text for Eikon ID:nASX39PsKb