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Oil Basins, Thred and Covata top the ASX % Gainers intra-day

Oil Basins rides higher on better -than-anticipated gas potential.
Gain graph
Top 10 ASX % Gainers intra-day

Oil Basins Ltd (ASX:OBL) is the best performing stock on the ASX in midday trade, with the company jumping 100% to $0.006 on over 7 mln shares changing hands.

The positive re-rating comes after the completion of seismic reprocessing across Vic/P47.

Mapping and analysis of the reprocessed data has identified significantly larger Conventional Gas Potential than previously defined.

Vic/P47 is located within Australia’s premier oil and gas province, the offshore Gippsland Basin in Bass Strait.

Company Code Last Change Trades Volume
Oil Basins OBL $0.006 100% 22 7,331,691
Thred THD $0.008 33.33% 24 6,384,292
Covata CVT $0.053 26.19% 120 5,276,607
Axiom Mining AVQ $0.245 25.64% 361 7,113,534
Vita Group VTG $1.565 25.20% 1465 5,168,952
Merlin Diamonds MED $0.006 20% 3 390,000
Alara Resources AUQ $0.012 20% 1 11,700
Chapmans CHP $0.006 20% 1 166,666
Mec Resources MMR $0.033 17.86% 1 250
Wonhe Multimedia WMC $0.195 14.71% 1 2,600


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