Ann: Unconditional on-market Takeover Bid for Tap Oil, page-44

That really is a tough question. IMO there will be lots of T/O in the oil/gas sector unless the market wakes up to the fact that POO has increased in price and that many oil/gas companies are way under valued.. Companies have to ask this question ,why waste millions of $$$ trying to find oil/gas when they can take over other companies with proven reserves for less than it costs to try and find new reserves.. Exactly the same thing happened in 1996 when there was a massive shakeout in the oil gas sector. So many T/O took place that Macquarie Equities energy analyst stated in the Australian"the local oil and gas sector was being ripped up and there is not much left to buy" We currently have STO and TAP on the block other posters have suggested the following CVN,SXY,CTP,RLE,AJQ,HZN,GLL,OEL,STX and lots more, it is just so hard to pick who the next will be.. I also think that CUE will also get a very cheap T/O offer from Asia.