Russia's Timan says at advanced stage in financing

MOSCOW, April 10 (Reuters) - London-listed Russian explorer Timan Oil & Gas Plc (TMAN.L) said on Thursday its shares would resume trading shortly.

The company asked AIM, London's junior market for smaller and medium-sized companies, to temporarily suspend trading of its shares on March 27 whilst it considered financing matters.

"Timan is at an advanced stage in securing financing. It won't take too long and the company will make an announcement in due course," spokesman Leonid Fink said.

Timan, which operates in the resource-rich Timan-Pechora region in the north of the country and the Caucasus region of Dagestan, has said it will almost triple the number of wells it has this year.

Production should start soon after the wells are drilled.

A Western evaluation of the company's reserves, as opposed to the Russian classification it currently uses, will also be introduced. (Reporting by Amie Ferris-Rotman; Editing by Margaret Orgill)