21st Sep 2015 08:24
LONDON (Alliance News) - Wildhorse Energy Ltd shares rose on Monday morning after the company said it will shortly release news concerning its exploration activities at the Lake Wells project in Australia.
Wildhorse shares were up 24% to 7.27 pence per share on Monday morning.
The company said it has requested for its shares to be suspended from trading on the Australian Securities Exchange pending an announcement about the Lake Wells project. The trading halt will remain in place until the announcement is released or until the opening of the ASX on Wednesday, whichever its earlier, it said.
Its shares on AIM remain unaffected and will continue to trade as normal.
Wildhorse began drilling and other testwork in the third quarter of 2015 after it completed a heritage clearance survey in the second quarter. The drilling and testwork completed included pump testing, process testwork and evaporation trials to form an initial resource estimate and scoping study.
By Joshua Warner; [email protected]; @JoshAlliance
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