Request for Trading Halt
Moby Oil & Gas Limited (“the Company”) requests that a trading halt be placed on its shares.
The trading halt is sought from immediately before commencement of trading today, Tuesday, 15 December
2009.
The Company’s pro rata offer to members (“Offer”) closed at 5.00pm on 14th December 2009 and
commencement of trading on a deferred basis of the new shares being issued would normally commence on the
opening of the market at 10.00 am today.
However, the Offer made it clear that, unless the Company raised sufficient funds to enable it to meet its
obligations in relation to drilling the Braveheart-1 well and the Cornea 3 well, the Company would not issue any
shares under the Offer. To meet the requirement that the Company has sufficient funds for such purposes, the
Company will require to place part of the shortfall arising under the Offer. Until sufficient of the shortfall is
placed, the Company will not be in a position to place the new shares subscribed for under the Offer.
Consequently, the Company seeks the trading halt to avoid trading in an uninformed market generally, and also
to avoid the disorderly market that would arise if trading (on a deferred basis) in the new shares was permitted
to commence.
The Company is taking steps to place part of the shortfall to enable the Offer to be completed. The Company
will make a further announcement when such shortfall has been placed.
The Company expects the trading halt to continue until an announcement about the above matters is able to be
made. The Company expects to complete the placement within 48 hours.
The Company is not aware of any reason why the trading halt should not be granted.
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