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AUSTRALIA

Beach pulls out of Cooper Basin permit

BEACH Petroleum has pulled out of PEL 110 in the Cooper Basin, South Australia, even as its partn...

Marija Stojkovic

Partner Cooper Energy, which increased its stake in the permit from 25% to 40%, said Beach had decided to withdraw from PEL 110 as it was non-core to its growth aspirations. Magellan Petroleum increased...

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