Hydrocarbons1 Mar 2019 07:38
Surely latest trading halt on ASX is because they have found hydrocarbons?
My reason being is the asx announcement it says,
1. The trading halt has been requested pending the release of drilling results;
2. The trading halt should be until the release of the announcement by the Company, expected to be no later than market pre-open Tuesday, 5 March 2019; and
We probably would not have entered Torok by then or barely Nanushuk so why intention to start trading before that.
To me I am leaning towards that they have found early traces of hydrocarbons in Seebea. The results will be subject to ongoing analysis before released to market. We will find out very soon today on LSE or first thing tonight on ASX I think.