Oil producer Afren Plc said it had ended talks with Nigeria's Seplat Petroleum Development Co Plc over a potential sale of the company.
Afren said it would not agree to Seplat's request to extend from Friday the deadline to make a firm offer for the company.
Afren is still in talks with creditors for its immediate funding needs, it said.
Reporting by Abhiram Nandakumar in Bengaluru
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