(MENAFN- ProactiveInvestors)
() has been granted an ASX trading halt relating to its Ocean Hill Gas Project in the Perth Basin Western Australia.
The halt will last until the earlier of the announcement being made or the commencement of trade on Tuesday 27th January 2015.
Yesterday the company said it made significant progress towards completing the acquisition of the project from () and locating a farm-in partner.
Ocean Hill Project
Ocean Hill is located in the northern Perth Basin and has a Best Estimate (2C) Contingent Resource of 360 billion cubic feet of gas.
The project covers 297 square kilometres is located about 90 kilometres southeast of ’s () Senecio well.
It is also close to Eneabba’s proposed 168 megawatt Centauri 1 Power Station the Sargon underground coal gasification resource (205Mt Indicated and Inferred) and the Dampier to Bunburry gas pipeline.
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