Australia's RemSense Technologies gains on contract from Woodside Energy

RemSense Technologies

04/10/2023 03:30

** Shares of Australian technology services provider
RemSense Technologies  REM.AX  rise as much as 4.8% to A$0.065 -
biggest intraday pct gain since Aug. 28
    ** REM receives contract from country's top oil and gas
explorer Woodside Energy  WDS.AX 
    ** Contract to provide a "photographic visual twin" of one
of WDS's floating vessels
    ** REM adds contract revenue is A$246,440 ($155,257.20);
work scheduled to start in Q1 2024
    ** Stock down 63.5% YTD, as of last close


($1 = 1.5873 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))