Australia's Emperor Energy hits 1-month high on MoU with Copper Energy

Emperor Energy

07/10/2022 02:17

** Shares of Emperor Energy Ltd  EMP.AX  rise as much as 25%
to A$0.04, their highest since Sept 8 
    ** Energy co says it executed a memorandum of understanding
(MoU) with exploration and production company Cooper Energy Ltd
 COE.AX   urn:newsml:reuters.com:*:nASX6GjfmV
    ** Says MOU is regarding cooperation on utilisation of
Cooper Energy's Orbost gas processing plant and adjacent sites
for processing and transfer of gas from Emperor Energy's Judith
field in Australia 
    ** EMP stock sees biggest daily jump since Sept 7 if gains
hold 
    ** Shares down 44.8% YTD, as of last close 
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))