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Antares in first commercial sale

PERTH-based oil and gas company Antares Energy has announced first commercial sales from its third gas well in the Ellis County region of Oklahoma, in the US. Antares, which holds a 25 per cent interest in the Porter’s Creek-1 Well, informed the Australian Stock Exchange that its operator had reported a pressure of about 2,000psi at the well, which is expected to stabilise in the next few weeks. Antares, which was known as Amity Oil until November last year, announced a half year profit to December 31 of $8.2 million, which was 15 per cent higher than the previous corresponding period. Since its fields in Turkey began producing consistently, the company decided to focus on exploration of fields in Texas and Oklahoma. Antares shares were trading marginally higher following the news, at 47 cents.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

09/04/18
$422 Bought
09/04/18
$422 Bought
09/04/18
$38k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

132nd↓Antares Energy$683k
159th↓Capricorn Metals$344k
160th↓Orca Energy$339k
164th↑Redbank Copper$329k
165th↑Peel Mining$319k
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Antares Energy

243rdGregory Shoemaker$488k
Ranked by total remuneration from all listed WA companies

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