Strike Energy Ltd's (ASX:STX) Southern Cooper Basin Gas Project is one of the largest accessible undeveloped onshore East Australian gas resources.
The project is in proximity to major infrastructure, including the Moomba to Adelaide Pipeline and Moomba Gas Plant.
Strike is now heading to market with a capital raising, and the ASX has granted the company in a trading halt to prepare.
The halt will remain in place until the opening of trade on Friday 22nd September 2017, or earlier if an announcement is made to the market.