I would be surprised if we see a takeover announcement (but of course it would be pleasant surprise), more likely I believe is that the CPR (Competent Persons Report) may be issued together with a farm-in announcement from one of the Bentley Alliance partners. It would seem incredible that the delay is purely caused by price or contractual negotiations with British American offshore who own the Rowan Norway rig. Of course the other scenario is that production may be accelerated by leasing the Rowan Stavanger before it goes to Talisman Norway in the North Sea.
So lots of possibilites, but it seems the least likely that they'll just keep quiet. If its another delay...they're lawyers need a damn good talking to!! Anyone seen any Champagne bottles piled up in a skip outside the offices in Banchory recently?
I'm keen to invest in some other companies hence I've added my watch list page (http://contrarianinvestoruk.blogspot.com/p/watch-list-shares.html) but a big chunk is tied up in Xcite so little flexibility at the moment. Come on Mr Smith, lets get this share moving again, we're fed up with it under £4!!
