Carnarvon Petroleum (ASX:CVN) has been granted a trading halt by the Australian Stock Exchange pending an announcement in relation to the completion of the divestment of its Thailand oil production assets.
This was announced on the 4th December 2014.
At the time Carnarvon reached an agreement to sell its remaining 20% interest in the Thailand oil production concessions to the Netherlands company Berlanga Group for US$58.2 million (A$68.5 million) in cash.
This allows Carnarvon to focus on its North West Shelf acreage offshore Western Australia, where an extensive work program is expected to be carried out in 2015.
The halt will remain in place until the opening of trade on Thursday 19th February 2015, or earlier if an announcement is made to the market.
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