HCI shares shoot up 44% on oilfield news
The scope of the field was reported by Norwegian publication Upstream, which suggested it may be the biggest discovery of its kind
Shares in BEE investment company HCI extended gains on Thursday with the price surging as much as 44% — its second-biggest one-day gain since listing.
The share price reached an intraday high of R179.69, a new record, beating the one set in 2014. The price began to rise late on Tuesday on news that an oilfield offshore from Namibia, in which it holds a 10% stake, could contain as many as 13-billion barrels...