Australia's Carnarvon gains most in 2 months on Buffalo project update

Carnarvon Energy

22/09/2021 06:23

** Shares of the Australian oil and gas explorer  CVN.AX 
rise as much as 6% to A$0.265, set for best day since July 20
    ** Co says the Buffalo-10 well at its Buffalo oil field in
Timor Sea is on schedule for drilling in early November
 urn:newsml:reuters.com:*:nGLF7bhRRZ
    ** "There is a strong likelihood the Buffalo-10 well will
confirm an economic project," says CVN
    ** More than 1 mln shares change hands vs 30-day average of
1.4 mln shares
    ** Stock down 16.67% YTD, as of Tuesday's close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))