Antares suspended

In a new twist, Antares shares have been suspended from trading.

The drama never seems to end for Antares Energy. Just a week after revealing a miraculous deal to sell its remaining Permian Basin assets for US$250m (see Antares sells assets) – more than 10 times the market capitalisation of the company prior to the deal – Antares shares surged from $0.10 to $0.50 before being forced into a trading halt by regulators.

The shares have now been suspended from trading indefinitely, with the ASX accusing directors of not adequately disclosing information about the deal to the market.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles