Australia's Prominence Energy rises after Parker Drilling rig contract

Parker Drilling Co

20/07/2021 04:29

** Shares of oil and gas exploration co  PRM.AX  rise as
much as 8.3% to A$0.013, marking their best day since July 8
    ** Co signs a contract with Parker Drilling  PKDC.PK  for
drilling the Bowsprit-1 well in Louisiana, United States
 urn:newsml:reuters.com:*:nASN001GJA
    ** Says the well is expected to take about 10-12 days and
cost about $2 mln to drill on a "trouble-free" basis
    ** Drilling is scheduled to commence on or about Aug. 15 -
PRM
    ** Stock up 71.4% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))