Australia's FAR hits record low as drilling results show lack of oil column

FAR

23/12/2021 04:07

** Shares of the oil and gas explorer  FAR.AX  slump as much
as 51% to a record low of A$0.360 
    ** Co says no live oil columns present in the Bambo-1ST1
well offshore Gambia after drilling a depth of 3,317 meters
 urn:newsml:reuters.com:*:nASXKTqLV
    ** Co, however, countered oil shows and potential reservoirs
    ** Shares post their biggest intraday pct loss since August
2009
    ** Stock marks its busiest trading day since listing, with
more than 4.7 mln shares changing hands, compared with the
30-day average volume of ~260,991 shares  
    ** Stock has risen 44.3% this year, as of last close


 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))