to many oil companies consolidation required.

It is time ARQ got taken over, a lot of these oilers all peeing in the same pot.
Really all they are doing is wasting shareholders money duplicating management and operational costs.

Management here seemed quite inept, re the attempted takeover
ARQ never had stood a chance with the already large sharholding NXS had.

A lot of dry holes.

I suppose in their favour they are attempting to grow.

Anyway at this price, it becomes very cheap for the likes of AWE to take them.

And in this increasingly costly business, size does matter.