Why did Antelopus Selan Energy's shares jump over 32% in 4 days?

Antelopus Selan Energy shares extended gains on Thursday to hit a record high of ₹1,035.95, rising over 32% in four trading sessions. The surge came after the company secured two new onshore contract areas under government’s Discovered Small Field Bid Round-IV. Located in Gujarat and Andhra Pradesh, the blocks are expected to strengthen firm's presence in oil and gas sector.