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.
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PowerHouse Energy has been busy over the past year, establishing its demonstration plant in the UK, signing deals to develop a hydrogen bus, and even trialling its technology in Qatar ahead of the 2022 FIFA World Cup
In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018
The core of the portfolio is in the East Midlands Basin, which includes the Wressle-1 oil discovery