Buccaneer looks for a suitor

Company News

Buccaneer Energy Limited (ASX:BCC) is inviting interest from potential suitors.
 
The natural gas producer says it’s considering farm-ins, investments at company level, a dual listing in the US or a takeover.
 
Buccaneer director Dean Gallagos says preliminary interest has been strong.
 
Buccaneer has a market value of $64 million, but has said it believes reserves in Alaska’s Cook Inlet are worth over $300 million.
 
The company has appointed Canaccord Genuity to lead a strategic review focused on improving shareholder value.
 
Buccaneer Energy reported a net loss of $10.4 million for the first half of fiscal 2013.