Tellus Resources (ASX: TLU) is preparing to announce details of a 'pending transaction', with the ASX granting the company a trading halt. Tellus shares are currently in pre-open.
Tellus has some interests in prospective regions in Australia, including a 50% interest (which will reduce to 30% when Senex Energy (ASX: SXY) drills a further well in the permit) in the Cooper Basin of South Australia.
Also in the Tellus portfolio is an interest in the Surat Basin in Queensland, along with gold assets on the eastern side of Australia.
The halt will remain in place until the opening of trade on Friday 13th December, or earlier if an announcement is made to the market.
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