Australia's Botala Energy rises on signing solar power deal

Botala Energy

05/09/2022 02:32

** Shares of Australia-based Botala Energy  BTE.AX  rise as
much as 5.3% to A$0.2, their highest since Aug. 15
    ** Shares rise after the coal bed methane explorer signs
strategic binding MOU with Solar Finland  urn:newsml:reuters.com:*:nASX2p8yjZ
    ** Says deal to jointly investigate solar power generation
projects
    ** Deal also to establish solar panel manufacturing in
Botswana
    ** Says it has recognised the need to find an appropriate
partner to complement skills of management in the renewable
sector
    ** The oil and gas explorer and producer adds that the MOU
is an important outcome of recent development work
    ** Stock posts its biggest intraday pct gain since Aug. 16

($1 = 1.4715 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))