Aussie Armour Energy up on setting up new Ugandan oil exploration co
07/09/2023 05:12
** Shares of exploration co Armour Energy AJQ.AX rise as
much as 17.4% to A$0.135, set for best day since Aug. 23, if
gains hold
** Armour and DGR Global DGR.AX establish a new
UK-incorporated company Conjugate Energy Ltd, which will hold
interests in oil exploration projects in Uganda
** Conjugate intends to seek admission to a UK stock
exchange and raise funds primarily to drill 2 exploration wells
** As of last close, stock down 54% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
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