Further to the cash-bid offer concluded last week (see DEA 7 Feb â19), Beach Energy came out on top in the auction for V18-3 in the Otway Basin with a AUD 4 million bid. The block encompasses the 180-Bcf La Bella discovery. Beach has until 21 Feb â19 to accept the award.
Beach confirmed it had successfully bid US$2,8 MM for Block V18-3, which contains the La Bella discovery.