Shares in Altona Energy rocketed over 17% after it announced regulatory approval for test drilling at its flagship Arckaringa project in South Australia. Executive Chairman Christopher Lambert said the firm had also achieved some important regulatory and community relations milestones as it worked through the approval process, which would stand the company's future field activities in good stead.
Edge Resources also went sky high with a 20% jump in its share price after the company said an early start to its summer drilling programme meant it had successfully drilled, cased and completed two wells in Primate, Saskatchewan. One of these resulted in the discovery of a new pool. Both wells would commence production testing and pressure buildup analysis simultaneously, the firm said.
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