Independent oil and gas company MEO Australia has today requested its shares be placed in a trading halt, pending the release of an announcement.
The resources minnow, with a market capitalisation of just under $24 million, last traded at 0.038 cents per share.
The ASX said the company’s shares would remain in a halt either until Thursday or when the company released its announcement to the market.
Melbourne-based MEO is focused on building a substantial Australian and international energy and petroleum business servicing the rapidly growing Asian energy markets.
The company has assembled a portfolio of exploration, appraisal and development stage opportunities on the North-West Shelf, the Ashmore Cartier and the Timor Sea regions in Australia, offshore North Sumatra, and on Madura Island, East Java in Indonesia and the Gulf of Thailand.