Australia's Leigh Creek Energy rises on deal to buy Chile gas project

Neurizer

16/01/2022 23:47

** Gas producer Leigh Creek Energy  LCK.AX  rise as much as
3.3% to A$0.155, snapping a five-day losing streak
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02475985-2A1351477?access_token=83ff96335c2d45a094df02a206a39ff4
 signed a MoU to exclusively negotiate purchase of the Mulpun
ISG project in Chile from mining firm Antofagasta Mineral SA
(AMSA), a unit of London-based Antofagasta Plc  ANTO.L  
    ** Says estimated recoverable gas from the Mulpun project is
1,100 petajoules (PJ), expanding LCK's existing reserve of 1,153
PJ
    ** Says once due diligence is completed, will move to first
gas production in December qtr; expects commercial projection to
begin in 2023
    ** LCK down 6.3% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))