Hague and London Oil confirms late stage acquisition talks

AIM-listed Hague and London Oil noted the jump in its share price on Tuesday and confirmed late stage discussions about a potential acquisition.

The company said the deal being contemplated would constitute a reverse takeover under AIM rules and as such, it has requested a suspension of trading in its shares, pending resolution of the matter.

Hague said a further announcement will be made in due course.

At 1420 BST, the shares were up 21% to 11.94p.