Camber Energy up on deal to buy certain oil companies for $69 mln

Viking Global Technologies

27/12/2022 15:44

** Shares of Camber Energy  CEI.A  climb 7.4% to $2.57
    ** Signs deal to buy all the assets of certain privately
held oil companies for $69 mln
    ** Purchase includes working interests in about 169 proved
producing oil wells, 174 proved non-producing wells and 12
proved undeveloped well locations  urn:newsml:reuters.com:*:nACS7qR5Ca
    ** CEI down 94% so far this year
 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))