(MENAFN- ProactiveInvestors)
() is preparing to provide an update on the company’s projects an initial reserve report on the Northern Oklahoma Project and a capital raising.
Northern Oklahoma is a conventional oil and gas project and is located in an infrastructure rich region.
The Australian Stock Exchange has granted the company a trading halt with its shares placed in pre-open.
Raya also has interests in geothermal energy including a 45% interest in the Sokoria Project in Indonesia.
The halt will remain in place until the opening of trade on Thursday 26th February 2015 or earlier if an announcement is made to the market.
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