Oil Basins (ASX: OBL) is in pre-open this morning following the ASX granting the company a trading halt.
OBL requested the halt pending an announcement to the market in relation to the Federal Court Appeal decision on the Derby Block in the Canning Basin, Western Australia.
The company has been informed that the Federal Court judgement in the future act appeal matter regarding the Derby Block (WAD80/2013) will be handed down at 11am Perth time on Monday 23 December 2013.
The halt will remain in place until the opening of trade on Tuesday 24th December 2013, or earlier if an announcement is made to the market.
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