Australia's Horizon Oil rises on starting drilling in China

Horizon Oil

08/07/2022 06:48

** Shares of Horizon Oil  HZN.AX  rise as much as 4% to
A$0.13, their first gain in four trading sessions
    ** Oil and gas co says it has commenced drilling at one of
its partially-owned wells in Beibu Gulf, China  urn:newsml:reuters.com:*:nASX4zVtFv 
    ** Drilling expected to take about four weeks - in the event
of success, the well can be brought on to production within a
few days
    ** Stock up 35.9% YTD, as of last close

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))