StockMarketWire.com - African oil explorer Ophir Energy (LON:OPHR) gained more than 7% after Cove Energy (LON:COV) was the subject of a £992 million offer from Royal Dutch Shell (LON:RDSB).
Ophir operates in East Africa - close to Cove's main assets offshore Mozambique - and the market appears to be looking at other likely M&A candidates.
At 10:57am:
(LON:COV) share price was +38.13p at 192.63p
(LON:OPHR) share price was +36.65p at 402.15p
(LON:RDSB) share price was -8.5p at 2325p
Story provided by StockMarketWire.com
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