Sources claimed ROC’s surprise suitor, which approached the company last Friday, is an Asian company. Although many pointed to a cashed-up Chinese buyer, it is worth noting Hong Kong-listed oil trader Brightoil Petroleum cast an eye over ROC a few years ago. However, some have questioned why BrightOil would return at a higher price. Another potential candidate is Tamarind Energy, run by Ian Angell, who previously worked for Talisman Malaysia. The firm has a funding commitment from private equity giant Blackstone and a tilt at ROC would fit with their investment ambition. While the takeover bid caught the market unawares, it is understood a fourth party may emerge. AWE and Senex are known to be considering their options.
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