Indonesian-focussed Lion Energy (ASX:LIO) has been granted a trading halt by the ASX, pending an update on testing of the Lofin-2 appraisal well in the Seram (Non Bula) production sharing contract, Indonesia.
Earlier in the month Lion said that operator CITIC Resources Holdings will now test a 437 metre open hole section of the target Manusela limestone from a depth of 4,618 metres.
The halt will remain in place until the opening of trade on Thursday 28th May 2015, or earlier if an announcement is made to the market.
News: Lion Energy to reveal testing details of Lofin-2 appraisal well
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