Bid talk starting18 Mar 2015 11:44
There was also talk that Soco International (LSE: SIA.L - news) , ½p cheaper at 140p, could also be bought. Shares (Berlin: DI6.BE - news) in the oil group plunged last week after it cut its reserve estimate for its TGT oilfield of the coast of Vietnam. Given “Soco has effectively been for sale for the past few years”, the recent sell-off could spur bid interest in the company, RBC Capital Markets analyst Al Stanton said. Telegraph (after reporting on Dragon Oil buyout approach).