Australia's Oilex sees best day in over a month

Hero Technologies

07/08/2019 05:15

** Shares of Oilex Ltd  OEX.AX  rise as much as 50% to
A$0.003, their highest since July 25
    ** Oil and gas explorer to acquire Holloman Petroleum Pty
Ltd for A$145,500 ($97,470.45)  urn:newsml:reuters.com:*:nASX4n1TqK
    ** Co to also buy 48.5% stake in PEL 112 and 444 license in
Cooper Eromanga Basins, South Australia from Holloman Energy
Corporation  HENC.PK  
    ** Stock posts its biggest intraday percentage gain since
July 2
    ** Over 1.1 mln shares change hands, compared with the
30-day average volume of 514,106
    ** Stock has fallen 66.7% this year, as of last close
    


($1 = 1.4928 Australian dollars)

 (Reporting by Aman Swami in Bengaluru)
 ((aman.swami@thomsonreuters.com; +918067497198: Aman
Swami|LinkedIn https://www.linkedin.com/in/aman-swami-68842986))