Australia's Ansila Energy hits over 3-yr high on completing Hartshead Resources buy

Hartshead Resources NL

03/02/2021 24:29

** Shares of Ansila Energy  ANA.AX  rise as much as 66.7% to
A$0.060, their highest since Dec. 14, 2017
    ** Oil and gas explorer completes acquisition https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02337338-6A1018630?access_token=83ff96335c2d45a094df02a206a39ff4
 of 78.4% stake in UK-based Hartshead Resources that it did not
already own
    ** Says Hartshead now a unit of ANA, making it a new UK
North Sea gas development firm
    ** Also completes placement at A$0.025 per share, raising
A$8 mln ($6.09 mln)
    ** Stock posts its biggest intraday pct gain since April 6,
2020
    ** More than 28.7 mln shares change hands, compared with the
30-day average of 4.3 mln shares
    ** Stock flat this year as of last close


($1 = 1.3137 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))