Elixir Petroleum Ltd (ASX:EXR) might be on the lookout for a new asset, as the ASX has granted the company a trading halt pending details of a proposed transaction.
The company is also raising funds.
Most recently Elixir and partners agreed to plug and abandon the Rodwell 14-31 exploration well in Colorado, U.S.
The halt will remain in place until the opening of trade on Tuesday 17th October 2017, or earlier if an announcement is made to the market.