Eneabba Gas (ASX:ENB) has been granted a trading halt by the ASX pending details in relation to a Perth Basin project acquisition.
The company's current asset focus is on both conventional and unconventional, with a skew to previously drilled and tested conventional projects providing a level of risk mitigation.
The company had $2.5 million in cash at the end of March 2015.
The halt will last until the opening of trade on Tuesday 2nd June 2015, or earlier if an announcement is made to the market.
