Exoma Energy in pre-open pending Katherine oil drilling...

Exoma Energy in pre-open pending Katherine oil drilling details

Thursday, December 01, 2011 by John Phillips

Exoma Energy (ASX: EXE) has been granted a trading halt by the ASX pending the release of details surrounding the company’s interpretation of the Katherine oil prospect following the recent drilling program, with the shares placed in pre-open.

Katherine is one of five exploration permits held by Exoma in Queensland’s onshore Galilee Basin, with around 13,000 square kilometres of licenses in total.

Adding some interest to the pending announcement is that oil has already been discovered in Katherine this year.

The company will remain in pre-open until the earlier of the announcement being released to the market or the open of trade on Monday December 5.

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