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BRIEF-Beach Energy advises of additional asset impairment charges

Published 21/08/2015, 12:51 pm
© Reuters.  BRIEF-Beach Energy advises of additional asset impairment charges
BPT
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Aug 21 (Reuters) - Beach Energy Ltd BPT.AX :

* Non-cash asset impairment charges for H2 FY 2015 of $449 million expected, primarily relating to cooper basin and Egyptian interests

* Says the full year impairments have no cash impact and do not affect beach's underlying business

* Says reduction in asset values partly reflects the sustained low oil price environment

* Source text for Eikon ID:nASX55HqbT

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