Australia's Botala Energy rises to 1-week high after partnership deal with Amsterdam firm

Botala Energy

12/04/2024 02:30

** Shares of Botala Energy  BTE.AX  rise as much as 2.4% to
A$0.084, their highest level since April 4
    ** Stock on track for best day since Jan 26, if gains hold 
    ** The oil and gas explorer signs strategic partnership and
agreement with Amsterdam-based AAAS Energy
    ** Co says agreement to develop 200 MW- 250MW of solar
photovoltaic capacity at Botala's Leupane Energy Hub and
Industrial Park 
    ** Adds AAAS to farm-into 50% of the project for A$1.0
mln($653,600)
    ** Stock has fallen 3.5% this year, as of last close
 
   ($1 = 1.5300 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))