THE Indian Oil Corporation, India's largest oil firm, has had its beady eye focused on Aidan Heavey's Tullow Oil for quite a while now.
With good reason. The Lamborghini-driving Heavey has done some extraordinary things at Tullow. It used to be famous for not being able find good holes in the ground (not much change there), but a couple of damn smart acquisitions have completely transformed the company.
After buying cash flow from the North Sea gas fields, he pocketed Energy Africa (after telling us we wasn't going to) and now he looks like closing off a €650m or so deal for Australia's Hardman Resources.
With oil stocks heading towards the much anticipated "tipping point" - where newly discovered reserves aren't going to cover anticipated demand, the oil sector could be primed for some frenzied asset-grabbing.
Along with Cairn Energy and Finian O'Sullivan's Burren Energy, Tullow now seems a shoo-in to be approached with a big fat cheque.
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