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B&B invests $300 million into Coogee

INVESTMENT bank Babcock & Brown has invested an estimated $300 million into Coogee Resources Ltd, five months after Coogee scrapped plans for a $380 million public share offer and stockmarket float. The B&B investment will allow Coogee to continue with development of its Montara oil project in the Timor Sea and pursue its exploration program.

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