Salamander Energy could become involved in a bidding war after being approached by Ophir Energy and a consortium led by Compania Espanola de Petroleos (CEPSA) and Jynwel Capital.
The company said it was currently in talks with both Ophir and the CEPSA Consortium regarding their respective proposals.
But Salamander Energy said there was “no certainty” that any official offers would be forthcoming, and advised shareholders no action needed to be taken at this time.
The exploration company said a deal with the Sona Petroleum board, which would see them acquire a 40% working interest in the B8/38 concession which contains the Bualuang oil field and the surrounding G4/50 concession, both located in the Gulf of Thailand, was still on track.
It said the deal would “strengthen Salamander’s balance sheet” and place the company in a strong position to benefit from opportunities arising from current market conditions.