Maple Energy shares fall 31 percent in Lima after deal fails
LIMA, Sept 30 (Reuters) - Maple Energy Plc dropped 30.53 percent on Tuesday in Lima following its announcement that talks about possibly selling the company ended without a deal.
The company's London shares fell 44.44 percent.
Maple Energy, which has assets and operations in Peru, said in a statement that preliminary negotiations over a cash offer by an unnamed party had ended and that it was no longer in any talks about a sale.
On Tuesday, the company also reported a net loss of $20.5 million in the first half of 2014, compared with a net loss of $8.6 million in the same period last year.
Maple Energy produces and explores natural gas and oil and is developing an ethanol and biomass project in Peru.
Its shares in Lima operated at $0.066 on Tuesday at 13:05(18:05 GMT). (Reporting By Ursula Scollo. Editing by Andre Grenon)
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