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Beach Energy, Drillsearch Energy agree to merge

Pace of deals in oil & gas sector picks up as ready buyers eye assets
Saturday, October 24, 2015 - 05:50

Melbourne

AUSTRALIAN oil and gas producers Beach Energy and Drillsearch Energy Ltd agreed to a billion dollar merger on Friday, the day after Santos rejected a US$5 billion offer, signalling that the industry's fortunes may be bottoming.

The pace of deals in the sector has picked

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