ASX200 rises but this oil and gas company climbed 25%


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Australian shares have climbed with mining stocks helping to pull the ASX200 up 38.9 points or 0.7% to 5735.5.

BHP Billiton (ASX:BHP) is up 1.4% to $32.41 while Fortescue Metals Group (ASX:FMG) is flat at $2.31.

Newcrest (ASX:NCM) remained unchanged at $14.51 and Rio Tinto (ASX:RIO) is up 0.6% to $58.02.


Market Action here…


Lion Energy (ASX:LIO)
is up 25% to $0.15.

Testing of the Lofin-2 oil and gas appraisal well in the Seram (Non Bula) production sharing contract Indonesia is continuing.

Operator CITIC Resources Holdings will now test a 437 metre open hole section of the target Manusela limestone from a depth of 4618 metres to confirm fluid content and flow potential.

Lion is well-funded with $4.1 million in cash as at 31st March 2015.

Strategic Elements (ASX:SOR) climbed 18.2% to $0.039 Red Mountain Mining (ASX:RMX) jumped 33.3% to $0.004 and Australian Mines (ASX:AUZ) rose 16.7% to $0.007.


Blue Chip Stocks

Oil and Gas

Oil Search (ASX:OSH) down 1.2% to $7.49
Santos (ASX:STO) down 2.1% to $8.45
Woodside Petroleum (ASX:WPL) down 0.3% to $34.88


Big 4 banks

ANZ Bank (ASX:ANZ) up 0.0% to $33.03
Commonwealth Bank (ASX:CBA) up 1.1% to $84.52
National Australia Bank (ASX:NAB) down 3.0% to $34.41
Westpac (ASX:WBC) down 0.2% to $32.95


Other banks financials and industrials

AMP (ASX:AMP) up 1.1% to $6.57
Bank of Queensland (ASX:BOQ) up 0.5% to $13.18
Bendigo and Adelaide Bank (ASX:BEN) up 0.8% to $12.42
Macquarie Group (ASX:MQG) up 0.9% to $82.31
Suncorp (ASX:SUN) down 0.3% to $13.41
Telstra (ASX:TLS) up 0.6% to $6.19


Retailers

JB Hi-FI (ASX:JBH) up 1.7% to $21.40
Wesfarmers (ASX:WES) up 0.8% to $44.93
Woolworths (ASX:WOW) up 1.2% to $28.93



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