Sacgasco Ltd (ASX:SGC) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
Sacgasco is focused on conventional gas exploration and production in the Sacramento Basin, onshore California.
The company has an extensive portfolio of natural gas producing wells and prospects at both exploration and appraisal stages, including multi-Tcf opportunities.
The halt will remain in place until the opening of trade on Thursday 7th September 2017, or earlier if an announcement is made to the market.