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Central deflects MacBank offer

MACQUARIE Bank has sensed weakness in Central Petroleum and the potential upside in central Australian has production, and has taken the step of launching a takeover offer to increase its sway over Australia's gas markets.

Central deflects MacBank offer

Macquarie is a major player in the east coast gas market and has gas pipeline investments globally. It is also a partner in upstream player Quadrant Energy, which is a major gas seller in Western Australia....

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