Australia's Pancontinental Energy climbs as Namibia extends licence agreement

Pancontinental Energy NL

14/06/2022 04:37

** Shares of Pancontinental Energy  PCL.AX  soar 20% to
A$0.006, marking their best intraday session since May 2
    ** Oil and gas-focused explorer says Namibia extended unit's
Initial Exploration Period of offshore Namibian Petroleum
Exploration Licence 87 by a year until Jan. 23, 2023
 urn:newsml:reuters.com:*:nASX6F6chZ
    ** About 37.7 mln shares change hands, compared with the
30-day average of 25.5 mln shares 
    ** Stock had more than tripled in value this year, as of
last close 

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))