Ann: Trading Halt, page-30

It states acquisition of a material asset

I would assume then it could be a well known asset and hence the trading halt, as plenty of companies announce acquisitions/granting of EL's etc during trade

I haven't actually followed the drilling of late as I only hold the options

They'll either strike something big and get them in the money, or they'll expire in June worthless - it's a punt I'm willing to take given the team onboard