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MARKETS

Gas business boosts Arc

ARC Energy was re-rated not too many years ago when it re-opened the oil fairway of the onshore Perth Basin. The wildcat gas discoveries of Xyris, Centella, Redback and Agonis combined with the highly successful Dongara infield drilling program ignited market interest in Arc’s previously low-profile gas business.

Brendan Egan

In October ARQ finally broke above its $1.00 resistance level and the positive drilling news, along with its new high impact subsidiary, Adelphi, has pushed ARQ to close the week at $1.86, capitalising...

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