the article mentioned crosby, a private equity company, as a...

the article mentioned crosby, a private equity company, as a possible suitor. they recently acquired orchard petroleum who operate in the u.s.a.

from memory, crosby paid about a 30% premium for orchard, and made a bid prior to orchard commencing a rather extensive drilling campaign.

irregardless, if totem strikes oil (to be spudded in just over 2 weeks), then watch the share price fly over $2.

many other wells to be drilled, appraised and developed over the next 6 months.

success here may deter suitors due to the associated increase to the share price.