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50glass larger players want producing or at least proven assets in this market so it will be the latter if your line reading is correct. Fast would seek to improve the assets it bought .

Very simple. In today's market its cheaper to buy out a proven producing oil co rather than get entangled with risky new oil/gas ventures. There is unlikely to be a buyer for Fastnet as its all unproven projects. Same reason for no takers for Morocco or Irish off-shore. By mid 2015 the game may have changed again but meanwhile Fastnet shares will languish.

This is being heavily influenced also by the antics this week of President Salmond plus the oil price is forecast to fall to $88.50 - see Times last Friday as per IEA. Its fallen again today so it will most definitely make it much more difficult for any Celtic Sea deal re a farm-out. As to Morocco clearly this is not as clear-cut as the operator first thought. Not saying its 'dead' simply it will take much longer and be more difficult. KTF to all