UPDATE 1-Verenex, Libya aiming to meet deal deadline-sources

* Aiming for deal by Friday, extension not ruled out-source

* No comment from Verenex, Libya's Shokri Ghanem

(Adds shares)

By Alex Lawler

LONDON, Nov 4 (Reuters) - Verenex Energy Inc. (VNX.TO: Quote, Profile, Research) and Libya expect to finalize a deal by Friday to sell the company to a Libyan sovereign wealth fund, but a further delay is not ruled out, sources familiar with the matter said on Wednesday.

The Libyan Investment Authority (LIA) has agreed to pay C$7.09 a share for Verenex, a Canadian oil firm with assets in Libya, in a deal valued at around C$316 million ($297 million). Verenex said in an Oct. 20 statement the parties have until Nov. 6 to sign a definitive agreement.

A source with knowledge of the talks said the parties were hoping to finalize the deal by Friday, but did not rule out the prospect of the date to reach the final agreement being extended for a second time.

"We're still targeting getting everything done by the 6th," said the source, who declined to be identified because the talks are confidential. "That's the target."