Australia's Rey Resources rises on entering definitive documentation with Doriemus

Azzuro Resources

28/03/2019 03:36

** Shares of Rey Resources Ltd  REY.AX  rise as much as 8.33
pct to A$0.13, their highest since Dec. 28, 2018
    ** Petroleum explorer says https://www.asx.com.au/asxpdf/20190328/pdf/443v2q5wr5jcwd.pdf
 it entered definitive documentation with Doriemus PLC  DOR.AX 
for Petroleum Exploration Permit 487 (EP487), 100 pct owned by
Rey
    ** Pursuant to agreement Doriemus is to drill EP47 at its
own cost, and subject to it raising sufficient funds by end of
June 2019 and completing the well in 12 months, it will be
assigned 50 pct of EP487 permit
    ** Stock rises for the seventh consecutive session
    ** About 20,000 shares change hands, compared with the
30-day average volume of about 18,000 shares
    ** Stock has fallen 52 pct this year, as of last close
    
    

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