Petra Diamonds' shares sparkle after Tanzania lifts export ban
The government of Tanzania has given Petra the go-ahead to resume diamond exports and sales from the Williamson mine.
Company
LON:JOG
Jersey Oil and Gas PLC is a UK E&P company focused on building an upstream oil and gas business in the North Sea. The company holds a 50% interest in each of licences P2498 and P2170 in the UK Central North Sea referred to as the "Greater Buchan Area". Licence P2498 contains the Buchan oil field and J2 oil discovery and licence P2170 contains the Verbier oil discovery.
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The government of Tanzania has given Petra the go-ahead to resume diamond exports and sales from the Williamson mine.
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“We are naturally disappointed by these results, but remain in a strong position to continue to pursue our core strategy of growth through potential production asset acquisitions," said chief executive Andrew Benitz
The blue chip index closed out almost 36 points higher at 7,413
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A glance at some of the day's highlights from the Proactive Investors newswire
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