'The trading halt is requested pending an announcement to the ASX regarding an upgrade of the reserves and resources with respect to the Mahalo Gas Project located in ATP 1191'.
The above is the stated reason for the trading halt.
Those that have calculated the reserves/resources upgraded figures will have bounced their calculations and conclusions past our management before those figures are released to make sure that no contributory factors have been overlooked.
I was not expecting this trading halt as the reserve/resource upgrade was expected by the markets therefore can only assume that the figures fall outside of that which is anticipated by the markets - thus the trading halt at this time.
With the way that Mira 6 has been flowing gas I would be surprised if the aforementioned figures have come out below what the markets are anticipating.
Ann: Trading Halt, page-10
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