I actually think there is a better chance of an interested party...

I actually think there is a better chance of an interested party making an offer during lower oil prices, and in the near future.

1) market cap of company (CE1) is generally lower when oil prices are lower.
2) prices have been high recently and just like CE1, cash flows are relatively strong for oil & gas producers (cashed up producers are more likely to put forward an offer).
3) CE1 have recently and openly released to the market that an $80 million dollar offer is the expected minimum target for a potential sale (this target price was released publicly, not only for the shareholders, but it effectively puts everyone on notice that they need to come forward with that kind of offer to be successful in their bid).

I actually think the chances of a takeover offer for CE1 have now significantly increased.