March 24 (Reuters) - Beach Energy Ltd BPT.AX :
* Merger synergies approaching $30 million per annum; further cost savings expected
* Recurring annual cost savings of $28 million (pretax) identified; to be fully realised in FY 2017
* Headcount reduced by 56; expected headcount of 226 by 30 April 2016 "
* Convertible notes to be redeemed; net cost saving of $7 million per annum
* Net cost saving of $7 million per annum
* Says update in relation to its merger with drillsearch energy limited
* Source text for Eikon