Camber Energy gains on deal for renewable diesel plant in Nevada
23/01/2023 16:22
** Shares of oil and gas producer Camber Energy Inc CEI.A
rise 13.9% at $2.05
** Co says it is buying a renewable diesel facility near
Reno, Nevada, for $750 mln
** The production capacity of the plant is estimated to be
43 million gallons per year, once operational - Camber
** In December, co agreed to buy all the assets of certain
privately held oil companies for $69 mln
** Stock had fallen 79.3% in the quarter ended Dec 31
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))
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