Shares in oil and gas explorer Transerv Energy tumbled today as managing director Stephen Keenihan announced his resignation in the wake of news yesterday that the company's proposal to acquire assets owned by Origin Energy had been terminated.
Transerv Energy shares were up 23.5 per cent this morning after promising results from its Warro-5ST well, which showed deeper gas than had previously been found in the Warro onshore tight gas field.
