Agree Pac, this article is worth a read again..
https://uk.reuters.com/article/uk-a...as-australia-primed-for-more-ma-idUKKBN1JK17A
“Most of the sub-billion market cap companies with reasonable 2P resources and cash flow or near term cashflow would be attractive to private equity funds,” said Eddie Rigg, head of corporate finance at Argonaut, who advised a private Chinese firm that lost out in a three-way bidding war for gas producer AWE Ltd in February.
Agree Pac, this article is worth a read again.....
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