BUZZ-Australia's Central Petroleum hits 6-mth high

By Kitco News / February 28, 2018 / www.kitco.com / Article Link

** Oil and gas explorer Central Petroleum Ltd risesas much as 21.05 pct to A$0.115, its highest since Sept. 1, 2017** Co's unit wins Queensland Government's tender acreage; Coand Australia-based explosives manufacturer Incitec Pivot to set up a 50:50 joint venture to operate on acreageland ** Incitec to also provide A$20 mln ($15.51 mln) of fundingto JV for exploration and appraisal of the acreage

** On Wednesday, co said half-year loss narrowed to A$3.9mln ($3.02 mln) from A$6.1 mln ($4.73 mln) a year ago ** Stock posts its biggest intra-day pct gain since March10, 2017; on track for fourth straight session of gains

** About 7.3 mln shares have changed hands, compared withthe 30-day average of 970,454 shares

($1 = 1.2895 Australian dollars)

Reuters Messaging:SyedSaifHussain.Naqvi.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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