Australia's Doriemus gains most in nearly 3 months; signs letter of intent

Azzuro Resources

02/01/2019 02:43

** Shares of Doriemus PLC  DOR.AX  surge as much as 23.08
pct to A$0.08, their highest since Dec 17, 2018
    ** The oil explorer says co signed letter of intent with Rey
Resources Ltd  REY.AX  to obtain 50 pct interest (plus
operatorship) over WA onshore petroleum exploration permit block
EP487 on Dec 31, 2018  urn:newsml:reuters.com:*:nASX3bBZrS
    ** Co also signed letter of intent to earn 50 pct (plus
operatorship) with Rey Resources over WA onshore block L15,
containing fully permitted West Kora oil field
    ** Stock posts biggest intraday pct gain since Oct 11, 2018
    ** About 50,000 shares change hands, compared with the
30-day average volume of about 45,000 shares
    ** Stock down 68 pct in the last 12 months, as of last trade
  

 ((Soumyajit.Saha@thomsonreuters.com; Reuters Messaging:
soumyajit.saha.thomsonreuters.com@reuters.net))