Nido Petroleum (ASX:NDO) has drilling news pending from offshore Indonesia at the Gobi-1 well.
The Australian Stock Exchange has granted the company a trading halt, with its shares placed in pre-open.
Lundin Gurita B.V. is the operator of the Gobi -1 exploration well in the Gurita Production Sharing Contract (PSC).
Nido currently has a 10% working interest in the Gurita PSC but has the right to increase its working interest up to 20%.
The halt will remain in place until the opening of trade on Wednesday 29th October 2014, or earlier if an announcement is made to the market.
News: Nido Petroleum to reveal drill results from offshore Indonesia
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