Exoma Energy (ASX:EXE) has been granted an ASX trading halt in relation to a potential acquisition.
In October, the company exited the Galilee Joint Venture in Queensland and noted that it was continuing its review of new investment opportunities.
Exoma had $7.8 million in cash as at 30th September 2014 with $0.4 million being restricted cash.
The halt will last until the earlier of the announcement being made or the start of trade on Friday, 19th December 2014.
