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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

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
299thKibaran Resources3%5%
388thKorab Resources-7%-1%
532ndEmerald Resources-27%25%
587thHannans-37%18%
850thBig Star Energy-100%-73%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/05/18
$10k Bought
09/04/18
$422 Bought
09/04/18
$422 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

168th↑Korab Resources$424k
169th↓Hannans$423k
170th↓Big Star Energy$417k
171st↑Emerald Resources$410k
172nd↓Kibaran Resources$399k
512 listed resources companies ranked by revenue.
Source: Morningstar

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