RE: IAE vs AEN, maybe AEN + IAE?IMO, the question really should be IAE + AEN, not IAE vs. AEN.
Antrim and Ithaca would make for perfect merger partners. Ithaca has near-term cash flow that could be allocated to funding Antrim's upcoming Causeway oil project. On balance, both companies have good North Sea projects and a merger between Ithaca and Antrim would lower the small-cap risk of both companies, increase their liquidity, reduce operating/financing costs, and deliver a better ability to grow their respective development prospects while attracting investor attention.