Beach faces Chevron uncertainty

BEACH Energy shares are seemingly shielded by a "takeover premium" as cost-focused Chevron is expected to make a decision on the second phase of the unconventional Cooper Basin-based Nappamerri Trough Natural Gas project by March 31.

Speculation over whether Chevron will continue its shale-hunting joint venture with Beach followed the end of the phase one plans for the NPNT project, announced yesterday.


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