MEO Australia Limited (ASX: MEO) requests a trading halt of its shares for up to 2 days effective immediately pending the completion and evaluation of well logging data from the Puka 3 exploration well in permit PEP51153, onshore New Zealand. For the purposes of ASX Listing Rule 17.1, MEO provides the following information:
(a) the trading halt is necessary as otherwise trading in MEO shares may take place in an uninformed market;
(b) MEO requests that the trading halt remain in place until it is in a position to make an announcement to the market in relation to the completion and evaluation of well logging data from Puka 3. MEO anticipates that an announcement will be made prior to the commencement of normal trading on 19th August 2014 and the trading halt will cease at that time; and
(c) MEO is not aware of any reason why the trading halt should not be granted.
Interesting wording re uninformed market....
MEO Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
