Emperor Energy Ltd (ASX:EMP) has been granted a trading halt by the ASX pending the release of a seismic data acquisition announcement by the company.
The halt will be in place until the start of regular trading on Thursday, April 8, or when an announcement is released to the market, whichever occurs earliest.
Completion of pre-FEED
In February 2021, the company welcomed the completion of pre-front end engineering design (pre-FEED) by APA Group for the provision of midstream infrastructure and services related to gas to be produced from the 100%-owned Judith Gas Field.
This is an important step in Emperor's plan to produce gas from Judith in the 100%-owned VIC/P47 permit in the offshore Gippsland Basin of Victoria.
Director demonstrates confidence
Also in February, director Carl Dumbrell, who is also company secretary, demonstrated his confidence with the purchase of shares in an on-market transaction.
Dumbrell acquired 206,437 shares increasing the total number of securities held to more than 8.109 million shares and the purchase boosted his stake in the company to 5.78%.