Oilexco, the Canadian oil and gas operator whose UK subsidiary Oilexco North Sea (ONS) is in administration, has reported that the Toronto Stock Exchange has agreed to delay its delisting until Tuesday.
The company also said it was exploring several options for its shares to continue trading in Canada.
The Calgary-based group said last week it had obtained bankruptcy protection under Canadian laws following its move in January to put its UK business into administration.
Administrators say there have been many expressions of interest in ONS and a sale is likely to be concluded around the end of March.