BUZZ-Australia's Cooper Energy rises on deal to sell interest in Indonesian unit

Mon Jun 6, 2016 10:46pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Shares of oil and gas explorer Cooper Energy Ltd rise as much as 4 pct to A$0.26

** Company signs deal to sell its interest in Indonesian unit to Canadian oil and gas company ACL International Ltd and Singapore-based Lamara Energy Pte

** To sell its 55 pct interest in Tangai-Sukananti KSO, South Sumatra Basin, Indonesia for $4.3 mln

** About 635,210 shares change hands, compared with 30-day average of 364,149

** Stock was up 56.3 pct this year as of Monday's close (Reuters Messaging;