The share price of Australian-listed Oilex has surged for more than a week on news of a discovery of new deposits the proven Surat Basin in Queensland state. The stock was trading at around 16 Australian cents (US$1=A$1.4) early in the month but has been driven up to nearly A$1 after release of the news….
AUSTRALIA: Oilex NL shares continue to surge on oil discovery
Posted on September 15, 2004 by EnergyAsia