Australia's BPH Energy climbs on issuance of LoI for drilling project

BPH Energy

07/09/2021 03:48

** Shares of Australia's BPH Energy  BPH.AX  rise as much as
11.29% to A$0.069 after its partly owned unit issues letter of
intent for a drilling project off the coast of Newcastle,
Australia
    ** BPH, which owns a stake in Advent Energy Ltd, issued a
letter of intent (LoI) to Aztech Well Construction Services Pty
Ltd for drilling a well for natural gas exploration  urn:newsml:reuters.com:*:nASX1c8XJW
    ** BPH invests in biotech and natural resources exploration
cos, Advent is engaged in oil and gas exploration
    ** Stock posts its biggest intra-day percentage gain since
Aug. 25
    ** About 4.9 mln shares have changed hands, compared with
the 30-day average of about 1.9 mln shares 
    ** BPH up 44.19% so far this year, as of Monday's close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))