Australia's Winchester Energy jumps on oil, gas find in Texas

Winchester Energy

16/08/2021 05:30

** Shares of oil and gas explorer Winchester Energy Ltd
 WEL.AX  rise as much as 21.4% to A$0.017, marking their biggest
intraday pct gain since July 23
    ** Co says drilling at its lease in the East Permian Basin
in Texas revealed significant presence of oil and gas
 urn:newsml:reuters.com:*:nASXBkCLx
    ** Stock hits highest since Aug. 3
    ** Almost 9 mln shares change hands, vs 30-day average
volume of ~2 mln
    ** Stock down 36.4% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))