Capricorn Energy has received a second proposed takeover offer the company, this time from Samos Energy.
The proposal is worth 381p per share and values the company at $360m, an identical price to an offer from from Kurdistan, Iraq-focused peer Genel Energy, as announced on 2 July.
Samos Energy is a special situations investor in energy assets pursuing asset acquisitions and financings across the sector.
The London-headquartered group has a portfolio of oil and gas assets in Thailand, Vietnam and Malaysia.
The board said shareholders should take no action and a further announcement will be made as and when appropriate.
Capricorn Energy is bassed in Edinburgh and was created as Cairn Energy in the 1980s by Sir Bill Gammell.
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