Australia's Hydrocarbon Dyamics soars on purchase order from Indian producer

Great Bear Exploration

08/08/2022 06:29

** Shares of Hydrocarbon Dynamics Ltd  HCD.AX  jump as much
as 21.4% to A$0.017 - set to mark best session since July 14, if
gains hold 
    ** Australian energy co says it has secured a purchase order
from an independent producer in India for a pilot field trial
using co's Tri Phase Squeeze technology  urn:newsml:reuters.com:*:nASXchbVZf 
    ** Adds that order for purpose of restoring output on a well
that experienced a greater-than-expected dip in production 
    ** More than 1.2 mln shares change hands, compared with the
30-day average volume of about 680,000 shares
    ** Stock had risen 7.7% this year, as of last close

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