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BPT — Beach Energy News Story

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Brief: Beach Energy Enters Into Agreement To Sell Its 60% Operated Interest In VIC/L35

May 25 (Reuters) - Beach Energy Ltd BPT.AX:

ENTERED INTO AGREEMENT TO SELL ITS 60% OPERATED INTEREST IN VIC/L35

RECIEVES CASH PROCEEDS OF A$70 MILLION ON COMPLETION

ENTERS AGREEMENT WITH AMPLITUDE ENERGY LIMITED

TRANSACTION AT IMPLIED VALUE OF A$130 MILLION AFTER TAX, OR $3.50/GJ 2C CONTINGENT  RESOURCES

Further company coverage: BPT.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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