Deals
Drillsearch Energy Looks at More Deals in Outback Australia
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Drillsearch Energy Ltd., BG Group Plc’s exploration partner in central Australia, will study further acquisitions in the outback region after its proposed purchase of Ambassador Oil & Gas Ltd.
The company is looking at opportunities to add oil and gas acreage in the Cooper Basin through its “Project Uber,” Brad Lingo, managing director of Sydney-based Drillsearch, said today in a phone interview. Its Ambassador offer in May follows an acquisition of Acer Energy Ltd. in 2012.