TransAtlantic Petroleum

It is not that Perth dealmakers are joining the dole queues, they have just had a little more time on their hands recently.

Directors in Incremental Petroleum have unanimously recommended TransAtlantic Petroleum's takeover offer after securing a further increase in the cash bid.

Shares in Incremental Petroleum have closed up nearly 23 per cent as suitor TransAtlantic Petroleum Corporation sweetens its takeover bid.

Incremental Petroleum says its second suitor TransAtlantic could still alter its bid as another independent report lowers the value of the takeover target's shares.