(MENAFN- ProactiveInvestors - Australia) Raisama Energy (ASX: RAI) is preparing to raise capital and has placed its shares into an ASX trading halt.
While progress on the company's Philippines assets have been delayed, the company expects to participate in the drilling of prospects in Indonesia this year.
It is also participating in the drilling of the New Zealand Oil & Gas (ASX: NZO) operated Kakapo Prospect in New Zealand that could host 38 million barrels of oil net to Raisama.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 1st February.
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