PAN ANDEAN RESOURCES......Discussion thread

This out today:

UK analyst has been saying for more than a year that the mid-cap oil producers appeared to be the best way to play the oil sector, as their resources would be coveted by the major players attempting to shore up reserves. This view was confirmed today after Canadian oil group Talisman launched an agreed 1.218 billion pound bid for Paladin Resources. Shares in the UK group soared 74.5p to 349.5p. The offer was worth 355p a share, which represented a 29.1% premium to the closing price on Wednesday. Even blue-chip player Cairn Energy saw its shares rise 40p to 1,632p on takeover hopes after the announcement. Shares in Dana Petroleum rose 51p to 822p, Premier Oil stock rose 9p to 701.5p and Tullow Oil saw its share price rise 11.75p to 230.5p

Wonder is someone will buy Pre should be good for 10p!!