iSignthis Ltd (ASX:ISX) formerly Otis Energy is an intuitive and non-intrusive payment and identification authentication service.
Otis Energy (ASX: OTE) is preparing to release an announcement relating to initial flow testing results at its Comanche project in Texas.
The company had earlier this month started drilling the horizontal section of its Comanche Horizontal Shallow Oil project well in north central Texas.
The lateral was drilled following studies aimed at determining the best lateral entry point and completion process.
Otis had previously estimated that ultimate recoveries of 250,000 barrels of oil equivalent (boe) were possible from the well targeting the liquids rich Marble Falls Limestone.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 21 May.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.