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The latest announcement is out from SPT Energy Group ( (HK:1251) ).
SPT Energy Group Inc. has successfully won the bid for the development rights of Block VI of the Talara Oilfield in Peru, marking a significant step in its expansion into South America. This project, which involves a 30-year hydrocarbon extraction license, will enhance the company’s market share and industry influence in the global oil and gas sector, while opening new avenues for sustainable development.
The most recent analyst rating on (HK:1251) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on SPT Energy Group stock, see the HK:1251 Stock Forecast page.
More about SPT Energy Group
SPT Energy Group Inc. is a company incorporated in the Cayman Islands, specializing in oil and gas field development and operation. The company leverages its technical expertise, project management experience, and international service capabilities to strategically expand its presence in key overseas markets.
YTD Price Performance: 7.20%
Average Trading Volume: 1,203,344
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$261.9M
See more insights into 1251 stock on TipRanks’ Stock Analysis page.