NuttyTommy I assumed we wouldn't have a big name in the deal for the same reason you pointed out. I have said in recent posts I was leaning more towards Tullow as there experience in exploration and finding oil in East Africa is very successful. Having said that the news in the last week may paint a different picture, it looks like BP is on the hunt for oil assets in East Africa with rumoured farm out farm in deals. Also a unknown speculation bid for Tullow.
15 Dec 2011
Ophir is believed to be in early stage talks with BP about a "farm out or farm in" deal in East Africa
BP is also rumoured to be in discussions with Anadarko Petroleum about a deal to give it an interest in the US company's assets in East Africa.
http://www.telegraph.co.uk/finance/markets/marketreport/8959580/BP-rumoured-to-be-talking-to-Ophir-Energy.html
14 Dec 2011
Although oil prices eased back following confirmation the strait remained open, the oil groups on the top-tier index managed to keep hold of their gains. BG Group moved 42.5p higher to 1,367p while BP and Tullow Oil were driven up 7.7p to 452.25p and 41p to 1,369p respectively, with vague bid speculation also being revived around the latter.
http://www.independent.co.uk/news/business/sharewatch/market-report-oils-climb-on-fears-output-may-face-new-disruption-6276609.html
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