Australia's Prominence Energy jumps on approval for drilling in WA

Prominence Energy

03/02/2022 02:02

** Shares of Prominence Energy  PRM.AX  rise as much as
18.2% to A$0.013, set to gain most since Jan 19 
    ** Oil and gas explorer says western gas got well operations
management plan acceptance from National Offshore Petroleum
Safety and Environmental Management Authority for Sasanof-1 well
in Western Australia  urn:newsml:reuters.com:*:nASXb8dST8
    ** In December, co had acquired stake in Western Australia 
    ** The approval allows co to conduct drilling and related
activities at the exploration well     
    ** Stock hits highest since Jan 21 
    ** As of last close, stock is up 29.4% this year

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))