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Offshore energy firm SeaEnergy has announced it is 'taking advice' from insolvency specialists after it failed to secure the sale of key assets.
The Aberdeen-based company said it was 'unlikely' to sell its Return to Scene asset in time before the end of May after warning of 'insufficient finances' in March.
The sale would be classified as a fundamental change in business under AIM rules and therefore require shareholder approval.
In a statement, SeaEnergy said: "In addition, the suspension in trading of the shares of Lansdowne Oil & Gas plc, a company in which SeaEnergy holds an 18.67% interest, on 13 April 2016 means that it is unlikely that the Company could currently raise funds through the disposal of its interest.
"As a result, the Company has requested a suspension in trading of the Company's shares pending clarification of the financial position."
(LM)
