MAX PETROLEUM - The Birth of a Giant

if mxp do find something significant, the majors will soon be knocking at the door:

"Faced with dwindling oil and natural gas holdings, and record prices, energy companies are thirsty to add to reserves. They can do it the old-fashioned way by exploring and drilling. Or, if they're in a hurry, they can simply buy rivals with proven reserves in the ground.

"For the very large companies it's easier to buy something than grow those reserves themselves," Norman said. "They are cash rich and growth starved."