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ARQ $3.16

Pre-open announcement

  1. bourbaki12

    490 Posts.


    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



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


    HOMEX - Perth


    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


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