Australia Stock Exchange (ASX)-listed miner, Invictus Energy which exploring oil in Muzarabani, Zimbabwe has announced a trading halt.
A trading halt is a brief stoppage in trading for a particular security or securities at one exchange or across numerous exchanges.
In a statement seen by Pindula News, Invictus Energy Ltd (ASX: IVZ)’s Issued by Nicholas Mountain, the company’s Adviser, Listings Compliance said the halt will be effective until when the announcement is released to the market. Mountain said:
The securities of Invictus Energy Ltd (‘IVZ’) will be placed in trading halt at the request of IVZ, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 29 December 2022 or when the announcement is released to the market.
Invictus Energy said it will be providing an update in relation to results from the Mukuyu-1 sidetrack wireline logging programme, formation pressure and fluid sampling and the Company is expecting to announce an update to the market on or prior to the commencement of trading on 29 December 2022.
The Company said it is not aware of any reason why the trading halt should not be granted.