Expect shares in Poland-focused oiler San Leon Energy (LON:SLE) to light up after it confirmed a weekend report it had received a bid approach.
However the AIM junior cautioned: “There can be no certainty that an offer will be made or as to the terms on which any offer might be made.”
A further announcement will “be made, as appropriate, in due course”, San Leon told investors.
The stock market statement followed a brief article in the Sunday Business Post that flagged up potential interest in the business.
San Leon’s main focus is Poland, where it has interests in six licences. It also part of consortium that is drilling offshore Morocco and it has a net profit interest in the Barryroe Licence in the waters off Ireland along with assets in France, Romania, Spain and Albania.
In June it announced plans to raise £29mln that will fund development work.