ADX Energy (ASX: ADX) has been granted a trading halt pending an announcement regarding a capital raising.
The company has given no clues as to the nature of the capital raising.
ADX recently announced an estimate of 51 million barrels of mean contingent oil in place at Sidi Dhaher-1 in Tunisia, with well testing set to begin once rig selection is finalised.
The halt will last until the earlier of announcement being made to the market, or the opening of trade on Friday November 18.