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Latin America-focused Amerisur Resources said it had launched a strategic review that would include considering an outright sale of the company after it received approaches from interested parties.
'The company confirms that, at the time of this announcement, it has received a non-binding proposal regarding a potential sale of the company and various other indicative proposals regarding the sale of certain assets of the company,' Amerisur said.
Amerisur said it made the decision after receiving interest in the company from other industry participants, and in light of recent activity in the Colombian oil sector.
It had appointed BMO Capital Markets as its financial adviser. At 10:01am: (LON:AMER) Amerisur Resources PLC share price was +2.2p at 14.3p