Australia's Horizon Oil rises after increase in China project reserve

Horizon Oil

09/02/2023 01:04

** Shares of Australia's Horizon Oil Ltd  HZN.AX  rise as
much as 6.7% to A$0.160 - set to mark best day since Jan. 27, if
current gains hold 
    ** Stock hits highest level since Jan. 30
    ** Oil and gas co announces significant increase in co's
WZ12-8E project reserves in Beibu Gulf, China
    ** Says oil recovery before subtracting production from
project has increased over 150% 
    ** Stock had risen 15.4% this year, as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))