Australia's Comet Ridge rises on PCA award for Queensland JV

Vintage Energy

12/09/2022 04:18

** Shares of gas explorer Comet Ridge  COI.AX  climb as much
as 5.6% to A$0.190, on track for their best session since Sept.
6, if gains hold
    ** Says https://www.asx.com.au/asxpdf/20220912/pdf/45dzsbzb9wd299.pdf
 co and oil and gas explorer Vintage Energy Ltd's  VEN.AX 
Galilee Basin joint venture (JV) in central Queensland has been
awarded six Potential Commercial Areas 
    ** The JV's two Authorities To Prospect (ATPs 743 and 744)
have also been renewed for a further term of 12 years
    ** "This is an important step towards untapping the huge
potential of the emerging Galilee Basin for future gas
development" - says COI and VEN 
    ** Shares of Vintage Energy were flat
    ** More than 1.6 mln COI shares have changed hands, compared
with the 30-day average of about 1.4 mln shares 
    ** COI up 56.5% so far this year, as of last close, while
VEN had risen 1.2% YTD

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))