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Sun Resources readies to pounce on new oil project

The halt will remain in place until Monday 14th August 2017.
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Sun favours the location of Texas and Louisiana

Sun Resources NL (ASX:SUR) has its eye set on a new oil project acquisition, with the ASX granting the company a trading halt to prepare details.

Sun recently outlined that it continued to review of a number of new opportunities, both exploration and development in Texas and Louisiana.

The company is targeting assets that are expected to be commercially viable in the current low oil price environment.

The halt will remain in place until the opening of trade on Monday 14th August 2017, or earlier if an announcement is made to the market.

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