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Beach Energy shares decline as Chevron abandons shale venture
2015-03-30 06:03:57| Oil & Gas - Topix.net
Beach Energy shares dropped as much as 5.6 per cent in early trading after Chevron abandoned its $349 million unconventional exploration venture in the Cooper Basin, leaving Beach to find an alternative partner at a time of reduced spending. The shares in Beach, whose largest shareholder is Seven Group Holdings, slid 6c to $1.02 shortly after the market opened.
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Category:Energy and Environment
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