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Pre-open announcement

  1. 490 Posts.
    REQUEST FOR TRADING HALT
    ~~~~~~~~~~~~~~~~~~

    The Directors of ARC Energy NL request an immediate trading halt under Listing Rule 17.1.

    * Pursuant to recent ASX releases made by the Company in relation to the current drilling program of the Hovea 2 well, an immediate trading halt is requested during the evaluation phase of the Dongara/Wagina reservoir which is expected to be encountered shortly by the Hovea 2 well.

    * The trading halt is expected to last until the commencement of trading on Monday, 8 July 2002.

    * Upon a definitive interpretation of the Dongara/Wagina reservoir having been determined, the Company will advise ASX accordingly and will request for its shares to resume trading.

    * The Directors know of no reason why the trading halt should not be granted.

    * There is no other information relevant to the request for this trading halt.


    E Streitberg
    MANAGING DIRECTOR

    >
    >
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    TRADING HALT
    ~~~~~~~~~

    ARQ - ARC Energy NL 05 Jul 2002 10:43am AEST

    ARC ENERGY NL 2002-07-05 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    ASX MARKET RELEASE

    The securities of Arc Energy NL (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Tuesday, 9 July 2002 or when the announcement is released to the market.

    Security Code: ARQ

    B O'Hara
    MANAGER COMPANIES

    MORE TO FOLLOW



 
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