Black Star Petroleum (ASX:BSP) is set to reveal a material acquisition.
The company has been granted a trading halt by the ASX, with its shares placed in pre-open.
Currently, Black Star has a 73.07% working interest in approximately 10,000 acres in Banner County, Nebraska, U.S., under the Joint Venture with Bayswater Exploration where it is targeting oil production in the prolific Niobrara and Codell Formations.
The halt will remain in place until the opening of trade on Wednesday 15th October 2014, or earlier if an announcement is made to the market.
