BPT 0.32% $1.54 beach energy limited

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    From Business Spectator

    23/7/09

    Beach Petroleum

    Closer to home, Beach Petroleum chief executive Reg Nelson has flagged further acquisitions, following the company's record annual production figures. Adelaide-based Beach, which has zero net debt, is in the midst of a takeover battle for Drillsearch Energy, its joint venture partner in the Cooper Basin. Beach did not name any future acquisition targets, but they are believed to be of a similar dimension.

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