Australia's Global Oil & Gas hits 2-1/2-month high on term sheet with US firm

Condor Energy

24/05/2023 03:00

** Shares of Global Oil & Gas Ltd  GLV.AX  rise as much as
33.3% to A$0.016, hitting their highest level since March 7 
    ** The oil and gas explorer says it has signed a non-binding
term sheet with U.S. based Jaguar Exploration for an application
and potential interest in an offshore exploration block in
Peruvian waters  urn:newsml:reuters.com:*:nFWN37K18D
    ** Shares on track for best day since May 9, if gains hold 
    ** Stock has fallen 20% this year, as of last close

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))