Max Petroleum Plc (AIM:MXP) we consider acquisition opportunities. The company stated: "Following completion of the Subscription, the Directors expect to work with AGR Energy to review the Company's business plan, Board structure and strategic and mid-term goals. The aim of the review is to enable the Board and AGR Energy to assess how costs can be reduced and operations and capital expenditure optimized, to maximize shareholder value going forward, considering the current fiscal and commodity price environment.

In addition to assessing the current asset base, the review will also consider acquisitions of new assets that the Board believes are accretive and will enhance profits and value to the Company."