Digital Look

Aurelian bid interest is over

Date: Thursday 28 Jan 2010

Bid interest in Aurelian has ended after an ‘industry participant’ formally withdrew its interest in the Eastern Europe-focused oil and gas explorer and producer.

The AIM-listed company announced last week that it had received a number of approaches, but said today that interest had dried up.

Yesterday, it priced its €39m placing to fund well development at 32p. A statement on 18 January had flagged a fundraising of €32m.

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