Sector Update: Energy

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Energy shares are higher in mid-day trading, while crude for july delivery dropped around 0.4% to US$90.54 a barrel on the New York Mercantile Exchange.

In energy news, shares of Samson Oil and Gas ( SSN ) are moving higher after the company issued an operational update on the company's drilling activities.

In the update, Samson reported that the Spirit of America #2 well has set an intermediate seven-inch casing at a depth of 9,130 ft., which completed a "significant milestone" in securing the Permian salt section behind pipe, and a "significant" amount of free oil was recovered from samples within this interval.



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This article appears in: Investing , Commodities

Referenced Stocks: SSN

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