mpo merger with arn, page-4

Hi Wiggling,
thanks for your input.
I would love to see your valuation and proposed plan.
I notice that Arcan resources sp has doubled recently and there is speculation that they might be a target for a buyout from one of their major shareholders.

http://seekingalpha.com/article/1695522-arcan-resources-a-company-transforming-transaction-in-the-near-future?source=yahoo

This might preclude any merger with MPO but I wonder if Molopo should not look at buying some of Arcan's assets that they are looking to sell.

Another Canadian company Lone Pine Resources whose ceo is our own ex ceo Tim Granger, is facing bankruptcy in the next month and delisting from NYSE and TSX.It has production of over 2000 boepd but a market cap of 4 million $ because of its 300 million debt.
Assets here might be available cheap as well for Molopo.
food for thought.
Cheers