still a Takeover candidate....??
from a recent article rearding NS oil:
“Coupling these factors to a robust oil price environment and material tax losses accumulated as a result of project investment, the economics of reserves acquisition via the corporate route can outweigh the high-risk, capital intensive, route of reserves addition via the exploration drill-bit,” Westhouse said.
It has applied a scoring system to junior E&P companies operating in the North Sea to identify the most likely acquisition targets.
The broker’s favourite pick is , followed - in order of their acquisition appeal - by , , and Antrim Energy.