Zeta Petroleum PLC (ASX:ZTA) has been granted a trading halt by the ASX, pending details of a potential oil and gas acquisition.
The halt will remain in place until the opening of trade on Friday 21st April 2017, or earlier if an announcement is made to the market.
Wressle is expected to start production at rates of around 500 barrels of oil per day later this year, and it would deliver Union Jack Oil important cash-flows.
DT Ultravert is on test with the oil field services giant Schlmberger and potentially solves the problem of ‘bashing’.
Drilling is now underway on the Statoil-led Verbier exploration well, which has the potential to be a game changer for AIM-quoted Jersey Oil & Gas.